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

Odaily Planet Daily News Bitcoin once fell below $80,000, and has fallen more than 3% this week. At the same time, the U.S. stock market has fallen sharply due to trade tariffs and recession concerns. The S&P 500 and Nasdaq closed down nearly 6% on April 4, and some voices warned that the market may repeat the "Black Monday" crash in 1987. CNBC host Jim Cramer said that "the 1987 crash has not been ruled out" and that the current attempt to build a weaker new order is "quite difficult." Despite the stock market crash, some analysts believe that Bitcoin has shown relative resilience and may rebound in the next few days. Some traders also predict that if market panic continues to spread, BTC prices are expected to hit new highs driven by risk aversion. (Cointelegraph)