#BTCBelow80K

Bitcoin showed signs of decoupling from stocks last week, but today's drop below #80k suggests that BTC and altcoins are set for a massive sell-off when US stock markets open.

Last week, Bitcoin began to show early signs of decoupling from the US stock markets. Bitcoin remained relatively stable during the week, while the S&P 500 plummeted by 9%. The wave of selling was triggered after the announcement of global tariffs by US President Donald Trump on April 2, which intensified further on April 4 when China responded with new tariffs on US products. Gold also did not escape and fell by 1.9% during the week.