$BTC Bitcoin (BTC) has fallen below the $80,000 mark, currently trading at $76,614.89 with a 7.62% decrease in the last 24 hours. This significant drop is attributed to escalating trade tensions and reduced weekend liquidity, triggering $597 million in crypto liquidations, with $203 million from Bitcoin alone.¹

*Key Factors Contributing to the Decline:*

- *Trade Tensions*: Rising tensions between the US and China have led to a sharp decline in Bitcoin's value.

- *Market Liquidity*: Thin weekend trading volumes left markets vulnerable to aggressive short-side pressure.

- *Technical Support*: Breach of key support at $80,700 has extended downside risk toward $76,000.

*Expert Predictions:*

- *Further Decline*: Failure to reclaim $80,700 could see Bitcoin's price drop toward $76,000 or lower.

- *Potential Recovery*: Some analysts believe a sustained defense of the $78,694 zone could invite dip-buying and potentially lead to a recovery.²

*Market Performance:*

- *S&P 500 and Nasdaq*: Significant losses, with both indices finishing the April 4 trading session down nearly 6%.

- *Gold and Altcoins*: Also affected, with gold down 1.9% for the week and some altcoins showing strength despite the overall decline.³