Analysis: Bitcoin falls below $80,000, stock market crash may repeat Black Monday of 1987

Bitcoin once fell below $80,000, dropping over 3% this week, while the U.S. stock market significantly pulled back due to trade tariff and recession concerns. The S&P 500 and Nasdaq fell nearly 6% on April 4th, with voices warning that the market might replay the "Black Monday" crash of 1987. CNBC host Jim Cramer stated that "the 1987 crash scenario has not been ruled out" and described attempts to build a weaker new order as "quite difficult". Despite the stock market's severe setback, some analysts believe Bitcoin has shown relative resilience and may rebound in the coming days. Some traders also predict that if market panic continues to spread, BTC prices could potentially hit new highs driven by risk-averse sentiment. (Cointelegraph)