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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
  • Deutsche Bank to launch crypto custody accounts in 2026: Report
  • UK’s Smarter Web Company adds $24.7M in Bitcoin, now holds 773 BTC
  • Bitcoin due to copy S&P 500 to hit new all-time high in July: Forecast
  • Bitcoin targets $200K as profit metrics enter ‘cautiously optimistic’ zone
  • Elon Musk’s xAI raises $10B as Trump threatens to unleash DOGE on him
  • Centrifuge brings S&P 500 onchain in tokenized fund launch
  • FATF warning on stablecoin crimes is not anti-crypto, intel firms say

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