U.S. Treasury Secretary: Some trade negotiations are progressing well, especially those with Asia

On April 28th, Hunter Horsley, the CEO of Bitwise, posted on social media that the current price of Bitcoin is $94,000. Nevertheless, Google searches for "Bitcoin" are approaching a long-term low. This implies that Bitcoin's current price movement is not being fueled by retail investors. Institutions, advisors, corporations, and countries have all entered this field. The investor base purchasing Bitcoin is expanding.

On April 28th, as monitored by on-chain data analyst Yu Jin, the 1inch team investment fund. After selling a certain amount of WBTC the day before yesterday, it started buying 1INCH again. Within just over a day, it purchased 5,498,000 1INCH through limit orders at a price of $0.199, spending 1,094,000 USDC. Previously, BlockBeats reported that the 1inch team investment fund sold 70.76 WBTC on April 26th.

On April 28th, based on market data, ALPACA witnessed a short-term 53% price decline in the early morning. It is now trading at $0.1781. According to Coinglass data, in the past 12 hours, the entire ALPACA network had a liquidation of $5.89 million, with $2.05 million in long liquidations and $3.84 million in short liquidations. During the same period, the total BTC liquidation across the network was $7.11 million. Currently, major CEXs exhibit a bearish sentiment in the ALPACA perpetual contract funding rate. The total open interest for ALPACA contracts across the network is $47.21 million, and the 24-hour trading volume for ALPACA contracts across the network has reached $3.188 billion.

On April 28th, renowned trader Eugene Ng Ah Sio declared in his personal channel, "During this wave of the altcoin price surge, there is significant internal divergence within the sector. I did not anticipate that, while some low-cap altcoins were surging by 50% to 200%, the performances of SOL and ETH would be so lackluster. Given that Bitcoin failed to maintain above $95,000 (which is my reference point to determine if the uptrend is accelerating), I have reduced my long positions and am currently in a short position. I will take what I can from this market, and if I cannot, I will exit promptly."

April 28th. On Sunday, US Secretary of State Pompeo declared that the US will not extend sanctions against Russia in order to avoid interfering with the peace process for resolving the Ukraine conflict. Nevertheless, US President Trump tweeted yesterday that perhaps it is essential to handle Putin through financial sanctions or secondary sanctions. Pompeo also mentioned that Russia and Ukraine are generally closer to reaching a peace accord than they have been in the past three years. A peace agreement between Russia and Ukraine needs to be achieved as soon as possible, and the US has diverse means to hold accountable those who are reluctant to promote a peace agreement in Ukraine. (FX168)

On April 27th, as per an official announcement, Bybit is going to list the SIGN/USDT trading pair.