Source: Cointelegraph.com NewsBitcoin (BTC) turned up volatility into the April 6 weekly close as fears of a stock market crash contrasted with bullish BTC price targets.BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView<\/p>\n
CNBC\u2019s Cramer: 1987 crash not \u201coff the table yet\u201d
\nData from Cointelegraph Markets Pro and TradingView showed BTC\/USD dropping below $80,000 on the day, down 3% since the start of the week.
\nThe days in between had seen several bouts of flash volatility as US trade tariffs and recession concerns stoked major losses across risk assets.
\nUS stocks in particular recorded significant losses, with both the S&P 500 and Nasdaq Composite Index finishing the April 4 trading session down nearly 6%.
\n\u201cTrump’s tariff announcement this week has wiped out $8.2 TRILLION in stock market value \u2014 more than was lost during the worst week of the 2008 financial crisis,\u201d author and financial commentator Holger Zchaepitz summarized in a response on X.
\nBloomberg World Exchange Market Capitalization chart. Source: Holger Zschaepitz\/XThe poor close caused some to wonder how the coming week would open, with comparisons to the \u201cBlack Monday\u201d 1987 crash surfacing across social media.
\n\u201cIt’s tough to build a new, weaker, world order on the fly,\u201d Jim Cramer, host of CNBC\u2019s \u201cMad Money\u201d segment, argued on X over the weekend.
\n\u201cFrantically trying to do it but don’t see anything yet that takes the October 87 scenario off the table yet. Those who bottom-fished are sleeping with the fishes …so far.\u201d
\nS&P 500 1-day chart. Source: Cointelegraph\/TradingViewCramer had previously warned over a 1987 scenario playing out live on air, but subsequently reasoned that control mechanisms in the form of market circuit breakers \u201ccould slow things down.\u201d
\nBitcoin circles also saw some daring predictions of how markets would behave in the short term. Max Keiser, the popular yet controversial Bitcoin supporter, even called for BTC\/USD hitting a giant $220,000 before the end of the month.
\n\u201cA 1987 style mega crash will push Bitcoin to $220,000 this month as trillions in wealth seek the ultimate safe haven: Bitcoin,\u201d he wrote in part of an X response to Cramer.\u00a0
\nBitcoin resists copycat BTC price dive
\nAmong traders, the diverging sentiment over Bitcoin and stocks was increasingly apparent.
\nRelated: Bitcoin crash risk to $70K in 10 days increasing \u2014 Analyst says it\u2019s BTC\u2019s \u2018practical bottom\u2019
\nAfter withstanding the worst of the tariff shock last week, many argued that the coming days could even result in pronounced BTC price upside.<\/p>\n
$BTC – #Bitcoin: Ofcourse we can go lower first. However I think we will see the last push of this cycle soon. pic.twitter.com\/dp6otpgE16\u2014 Crypto Caesar (@CryptoCaesarTA) April 5, 2025<\/p>\n
Bitcoin is gearing up for a breakout next week \u2014 the $150K run might just be starting!$BTC #Bitcoin pic.twitter.com\/jNWNoiHnwo\u2014 @CryptoELlTES (@CryptooELITES) April 5, 2025<\/p>\n
\u201c$BTC Volatility going lower and lower while the $VIX (Volatility Index) on Stocks has closed at the highest level since the Covid Crash in 2020,\u201d popular trader Daan Crypto Trades acknowledged in his latest analysis. Source: Cointelegraph.com NewsBitcoin (BTC) turned up volatility into the April 6 weekly close as fears of a stock market crash contrasted with bullish BTC price targets.BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126573"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126573"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126573\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126573"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u201cThis is pretty unheard off and due to this compression I’m pretty confident a large move for crypto is going to occur next week as well. Whether it’s up or down comes down to whether stocks can find a bottom early in the week or not I’m assuming.\u201d
\nBTC\/USD vs. VIX volatility index chart. Source: Daan Crypto Trades\/XFellow trader Cas Abbe suggested that recent $76,000 lows on BTC\/USD may end up as a classic fake breakdown.
\n\u201cThis looks no different than the post-ETF dump and August 2024 crash,\u201d he told X followers.\u00a0
\n\u201cI’m waiting for a weekly reclaim of $92,000 to confirm the uptrend.\u201d
\nBTC\/USDT 1-week chart. Source: Cas Abbe\/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"