Bitcoin News Today: Bitcoin Price Dips from $95K as Macroeconomic Concerns Resurface — Will Bulls Hold the Line?

Bitcoin (BTC) fell to $93,500 on April 28, retracing from a seven-week high of $95,500 as macroeconomic uncertainty and risk-off sentiment across global markets pressured price action. Despite solid institutional flows and strong corporate earnings in the U.S., Bitcoin continues to face resistance at the key $95,000 level.Treasury Yield Drop Sparks BTC SelloffThe sudden dip in Bitcoin closely mirrored the intraday decline in U.S. Treasury yields. The 30-year yield fell by over 30 basis points, a move typically signaling heightened demand for safer assets like bonds. This correlation suggests a shift in investor risk appetite, with BTC reacting as a risk-on asset rather than a hedge.Sentiment Reverses on U.S.-China Trade TensionsOver the weekend, optimism surged as China eliminated tariffs on select U.S. tech components, including semiconductors and circuit boards. However, this positive narrative was quickly countered by U.S. Treasury Secretary Scott Bessent’s comments on CNBC, placing responsibility on China for a trade resolution. The mixed signals added to broader market hesitation, affecting Bitcoin’s momentum.Strategy’s BTC Purchases Under ScrutinyOne reason Bitcoin has managed to hold above $90,000 is the aggressive accumulation by Strategy, which reportedly purchased $4.28 billion in BTC since mid-March. But with 97% of the firm's common share issuance now exhausted, analysts question whether this demand can be sustained — and whether it artificially inflates BTC support levels.Bitcoin’s Correlation with Equities Remains IntactDespite being positioned as digital gold, Bitcoin’s current trading behavior remains closely aligned with equities. As the S&P 500 and Russell 2000 benefit from better-than-expected Q1 earnings — with 73% of companies beating analyst forecasts, according to FactSet — Bitcoin has struggled to decouple and rally independently.Macroeconomic Headwinds GrowUnderlying economic data adds further pressure. U.S. existing home sales dropped 5.9% in March — the sharpest decline in over two years — while China unveiled measures to stabilize employment and production amid weakening global demand. These signals paint a mixed macro picture that challenges BTC's climb toward $100,000.What Will Drive the Next Leg to $100K?A decisive move above $95,000 and beyond will require:Decoupling from traditional equity markets.Stronger liquidity injections from central banks.Reduced reliance on individual buyers like Strategy.Continued ETF inflows paired with broader retail and institutional adoption.Until then, Bitcoin is likely to trade within a volatile range, reacting to macroeconomic developments and market sentiment shifts.Bitcoin remains in a critical holding pattern as traders watch for clearer signals on inflation, interest rate policy, and risk sentiment. Sustained support above $90,000 is a positive sign, but the path to $100,000 hinges on structural changes in liquidity and investor behavior, according to Cointelegraph.