Bitcoin's Price Plummets Amidst Regulatory Uncertainty and Macro Pressures.

Bitcoin's value dropped below $28,000 on Coinbase, continuing its two-day slump, with the decline attributed to Coinbase CEO Brian Armstrong's indication that the exchange giant might leave the US. The global crypto market could shrink significantly if Coinbase leaves the US market, leading to a lack of confidence in decentralized exchanges. The lack of regulatory clarity is also causing prices to drift lower. Ethereum, the second-largest cryptocurrency by market value, also dropped nearly a percentage point to around $1,948. Most other major tokens were trading in the red, with the CoinDesk Market Index down 3.9% for the day.