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Bitcoin price drops below $80K as stocks face 1987 Black Monday rerun

Coin Telegraph LogoCoin Telegraph1d ago

Bitcoin price drops below $80K as stocks face 1987 Black Monday rerun - Coin Telegraph

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However I think we will see the last push of this cycle soon.pic.twitter.com/dp6otpgE16— Crypto Caesar (@CryptoCaesarTA) April 5, 2025Bitcoin is gearing up for a breakout next week — the $150K run might just be starting! $BTC #Bitcoin pic.twitter.com/jNWNoiHnwo— @CryptoELlTES (@CryptooELITES) April 5, 2025“$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,” popular trader Daan Crypto Trades acknowledged in his latest analysis.“This 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.

Max Keiser, the popular yet controversial Bitcoin supporter, even called for BTC/USD hitting a giant $220,000 before the end of the month.“A 1987 style mega crash will push Bitcoin to $220,000 this month as trillions in wealth seek the ultimate safe haven: Bitcoin,” he wrote in part of an X response to Cramer. Bitcoin resists copycat BTC price diveAmong traders, the diverging sentiment over Bitcoin and stocks was increasingly apparent.

Source: Holger Zschaepitz/XThe poor close caused some to wonder how the coming week would open, with comparisons to the “Black Monday” 1987 crash surfacing across social media.“It's tough to build a new, weaker, world order on the fly,” Jim Cramer, host of CNBC’s “Mad Money” segment, argued on X over the weekend.“Frantically trying to do it but don't see anything yet that takes the October 87 scenario off the table yet.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-06 @ 19:22:13 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 635 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27627907

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 69 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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