Introduction
The first week of April 2025 stunned global markets as Bitcoin (BTC) nosedived below $75,000. Stock indices worldwide bled red, prompting flashbacks to the 1987 Black Monday crash and the COVID-19 market spiral among wary investors.
Bitcoin Falls Below $75,000: Bullish Path in Peril
Bitcoin crashed under $75,000, its weakest point since November 2024, dragging the 2021 high of $69,000 into play as a pivotal support. The enduring uptrend now straddles a critical juncture—recovery or ruin.
Kevin Svenson, a market analyst, termed this “BTC’s last stand to uphold its macro bullish trend.” A breach here could shove Bitcoin into a drawn-out accumulation stretch, killing off 2025 dreams of new highs.
Death Cross Signals Trouble Ahead
Price isn’t the lone concern. A Death Cross—where the 50-day moving average crosses under the 200-day moving average—now marks BTC’s daily chart, hinting at a lasting bearish shift.
Trader CrypNuevo flagged BTC’s slip below the 50-week EMA around $77,000, igniting short-sell cues. A quick bounce past this line might reveal a false drop, potentially propelling BTC to $87,000. For now, Bitcoin hovers at $79,910, clawing back ground.
U.S. Trade Tariffs Jolt Global Markets
As crypto watchers followed BTC’s descent, traditional markets staggered under news of U.S. trade tariffs hitting April 9. Commerce Secretary Howard Lutnick vowed no delays would blunt the move.
These tariffs could tangle supply chains and inflate commodity costs, stoking inflation worries. A “second inflation jolt” now spooks stocks and risk assets like Bitcoin and altcoins.
Markets Push for a Swift Fed Rate Cut
Even with inflation on the radar, traders bet on an early Federal Reserve rate cut to dodge a harsher slump. U.S. inflation data—March CPI and PPI—land April 10–11, likely shaping the Fed’s next call.
Polymarket shows May cut odds overtaking June forecasts. Investor Anthony Pompliano cautioned that Fed inaction amid shaky markets and soft inflation could plunge the U.S. into a deep, extended downturn.
Retail Investors Flee as Fear Surges
While major players sit tight, retail traders—the lifeblood of past crypto rallies—exhaust funds and resolve, driving panic sales.
The Crypto Fear & Greed Index plunged to its lowest in months, signaling rampant fear. On April 7, 2025, it hit 23—“Extreme Fear”—down from 34 a week ago, painting a grim picture of investor mood.
Conclusion: A New Black Monday Unfolding?
Calling this Black Monday 1987 reborn feels hasty, but technical strains, rattled confidence, and macro risks whip up a fierce tempest. Bitcoin and global markets edge toward a steep drop. Who will endure, and who will falter? That’s the pressing riddle.
