Crypto Markets Take a U-Turn: What Comes Next After Bitcoin Retreat?

Crypto Markets Retreat After Big Rally

• Crypto markets experienced a downturn last week, with bitcoin and ether prices both turning lower after a weeks-long mini-rally.
• CoinDesk columnist David Morris suggests Taylor Swift showed common sense in asking the sort of critical questions of FTX that any business negotiation should include.
• Analysts are now pondering what comes next for crypto markets after this retreat.

Bitcoin Price Drops Below $30,000

Last week, Bitcoin (BTC) lost its foothold above $30,000, changing hands at about $27,800 around 7 am ET (11 am UTC). Meanwhile, Ethereum (ETH) turned lower and erased all price gains notched during the weeks-long mini-rally that followed the seamless implementation on April 12 of the Ethereum blockchain’s highly anticipated Shanghai upgrade.

Taylor Swift Exhibits Common Sense in Business Negotiations

CoinDesk columnist David Morris wrote that Taylor Swift’s avoided the embarrassment of striking a business deal with embattled crypto exchange FTX by reportedly asking the type of common-sense questions that should be part of any business negotiation.

Analysts Take a Look at What Comes Next

Crypto analysts are now pondering the market’s next turn—with featured speaker Alex Thorn scheduled to address Bitcoin and inflation at Consensus 2023.

Featured Speaker: Alex Thorn

Hear Alex Thorn share his take on “Bitcoin and Inflation: It’s Complicated” at Consensus 2023. Secure Your Seat!