As concerns about the stock market collapse became more and more contradictory to the objective of increasing the price of bitcoin, the price of bitcoin (BTC) fell to $77,707 as of the week of 6 April. During this period, concerns about United States trade tariffs and economic downturns led to significant losses of venture assets.
Main elements
- Bitcoin prices fell by $80,000 on 4 April, down 3 per cent from the beginning of the week.
- The United States stock market, particularly the Standard & Poor ' s 500 index and the NASDAQ composite index, respectively, fell by nearly 6 per cent, a significant decline.
- Jim Kramer of the CNBC warned that the 1987 market collapse was not impossible and noted that the recently announced tariff policy of Trump had led to a global stock market of $8.2 trillion.
- Bitcoin supporters Max Kaiser boldly predicted that, in the current trend of wealth seeking safe havens, bitcoin could reach a historic high of $220,000 this month.
- Among traders, the emotional difference between Bitcoin and the stock market is evident, with some analysis suggesting that Bitcoin is about to break, while others fear that it may be at risk of falling prices.