Bitcoin falls toward $80K and prints ‘death cross’ as US stocks mimic 2020 COVID-19 crash | News World

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Bitcoin (BTC) hit new monthly lows at the April 3 Wall Street open as US unemployment data added to pressure on risk assets.

Bitcoin gives early April gains as stocks plummet

Data from Cointelegraph Markets Pro and TradingView confirmed the first trip below $82,000 for BTC/USD since the start of the month.

After initially surging as high as $88,580 as the US government unveiled reciprocal trade tariffs, Bitcoin soon ran out of steam as the reality of the stronger-than-expected measures hit home.

US stocks then followed, with the S&P 500 down over 4% on the day at the time of writing.

“Today’s -3.7% drop puts the S&P 500 on track for its largest daily decline since the 2020 pandemic lockdowns,” trading resource The Kobeissi Letter…more
Source cointelegraph.com

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