As stock markets face a historic loss, Bitcoin loses ground and falls below $80,000. This retreat, far from being insignificant, reignites debates about its safe-haven function. At a time when trade and political tensions are reshaping the global economy, the boundary between traditional assets and cryptocurrencies is fading. Therefore, a moment of truth is approaching for BTC and for investors' allocation strategies.
The drop of Bitcoin: an economic climate under high tension
On April 4, Bitcoin slid below the symbolic threshold of $80,000, representing a 3% weekly decline. This drop occurred in a context of significant pullback in American stock markets, whose indices plummeted in an atmosphere reminiscent of major financial crises.
Several elements fueled fears of a systemic chain reaction:
• A simultaneous drop in BTC and stocks: the S&P 500 and the Nasdaq Composite both retreated about 6% in a single day. This drop occurred when "Trump announced a new wave of tariffs," which revived the specter of a global trade war, according to Holger Zschaepitz.
• Massive loss of value in the markets: Zschaepitz clarified on platform X (formerly Twitter) on April 6, 2025, that "$8.2 billion of market value was wiped out," a loss greater than that recorded in the worst week of the 2008 crisis.
• Alarmist reactions from traditional analysts: Jim Cramer mentioned on social media X on April 5 a situation unprecedented in over three decades. "I have never seen such panic since 1987, and for now, nothing allows us to rule out the return of such a shock."
These elements suggest that cryptocurrencies, historically perceived as uncorrelated with traditional markets, are now exposed to their fluctuations. Bitcoin's drop in this specific context fuels doubts about its role as a safe haven in times of global economic crisis.
Altcoins and optimistic forecasts: a resistance in formation?
In addition to Bitcoin's correction, attention is now turning to some altcoins that seem to want to stand out. Some observers identify tokens like PI, OKB, GT, and ATOM among the projects capable of surpassing BTC in the coming weeks.
Its technical dynamism and the interest it sparks among some investors may allow them to better withstand current volatility. This outlook is based on a hypothesis of sector rotation within the cryptocurrency market itself, where capital would shift from larger assets to more specific projects.
Meanwhile, influential figures in the crypto sector continue to express notable optimism. Max Keiser, a fervent advocate of Bitcoin, maintained on April 5 on platform X his bold prediction:
» BTC will reach $220,000 by the end of the month. Investors are desperately seeking safe haven values «
This statement contrasts with the nervousness of traditional markets and witnesses the growing confidence of a fraction of the crypto community in Bitcoin's recovery potential.
Whether the coming days will confirm these expectations, this sequence reveals a profound transformation of the correlations between cryptos and conventional asset classes. Altcoins increasingly appear as potential performance intermediaries in a market that no longer settles for waiting for a bullish signal from BTC. In the short term, caution remains necessary, but strategic positions may reshape the internal power dynamics within the crypto ecosystem.
