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

cryptoweekly by cryptoweekly
April 3, 2025
in bitcoin, News
0

Bitcoin’s pre-reciprocal US tariff gains evaporated as the S&P 500 prints intra-day losses not seen since the height of the COVID-19 sell-off in mid-2020.

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

BTC/USD 4-hour chart. Source: Cointelegraph/TradingView

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

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Recent Posts
  • Many senators absent from ‘bipartisan’ crypto market structure hearing
  • Ether liquidity sits above $2.5K: Will ETH bulls grab it?
  • FalconX joins Crypto.com as partner for Lynq institutional settlement network
  • Chainlink, Mastercard partner to allow 3 billion cardholders to buy crypto
  • ETH trades near $2.5K, but weak demand clouds bullish outlook
  • NYC mayor lays out crypto plans as city residents vote in Democratic primary
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