Bitcoin Erases April Gains After Slumping More Than 5% in a Day

Bitcoin on Monday slumped by 5.2%, erasing gains it had made in April when it rocketed above $30,000. Despite the losses, the coin is still up 70% from the start of the year, and the rest of the biggest 20 coins and tokens were also in the red. The crypto market has been doing well this year as investors continue to eye-up “risk-on” assets, and the collapse of a number of banks in the US has strengthened the narrative.

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