Odaily News Bitcoin once fell below $80,000, and has fallen more than 3% this week. At the same time, the US stock market has fallen sharply due to trade tariffs and recession concerns. The S&P 500 and Nasdaq closed down nearly 6% on April 4, and some people warned that the market might repeat the "Black Monday" crash in 1987. CNBC host Jim Cramer said that "the 1987 crash scenario has not been ruled out" and that the current attempt to build a weaker new order is "quite difficult."
Despite the sharp drop in the stock market, some analysts believe that Bitcoin has shown relative resilience and may rebound in the next few days. Some traders also predict that if market panic continues to spread, BTC prices are expected to hit new highs driven by risk aversion. (Cointelegraph)