On April 6, Bitcoin (BTC) experienced a surge in volatility, as concerns over a potential stock market crash clashed with optimistic BTC price expectations.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
CNBC’s Cramer: 1987 crash still a possibility
According to data from Cointelegraph Markets Pro and TradingView, BTC/USD dipped below $80,000 on that day, reflecting a 3% decrease since the week’s start.
Throughout the preceding days, multiple instances of rapid volatility occurred, driven by US trade tariffs and recession anxieties that led to significant losses in risk assets.
US stock markets, particularly, suffered notable declines, with both the S&P 500 and Nasdaq Composite Index closing the April 4 trading session down nearly 6%.
“Trump’s tariff announcement this week has erased $8.2 TRILLION in stock market value — surpassing losses seen during the worst week of the 2008 financial crisis,” remarked author and financial commentator Holger Zchaepitz in a response on X.
Bloomberg World Exchange Market Capitalization chart. Source: Holger Zschaepitz/X
This disappointing closure left many speculating about the week ahead, with social media discussions drawing parallels to the “Black Monday” crash of 1987.
Jim Cramer, host of CNBC’s “Mad Money,” asserted on X over the weekend, “It’s difficult to create a new, fragile world order on the fly.”
“While efforts are frantic, nothing yet seems to indicate that the October ’87 scenario is off the table. Those who attempted to bottom-fish are in deep waters … currently.”
S&P 500 1-day chart. Source: Cointelegraph/TradingView
Cramer had previously highlighted the risk of a 1987-like scenario on air, later suggesting that mechanisms like market circuit breakers could help mitigate the situation.
In the Bitcoin community, bold forecasts about market behaviors in the near term emerged. The controversial Bitcoin advocate Max Keiser even projected that BTC/USD could leap to an astounding $220,000 by the month’s end.
He wrote in an X response to Cramer, “A mega crash akin to 1987 will drive Bitcoin to $220,000 as trillions in wealth gravitate toward the ultimate safe haven: Bitcoin.”
Bitcoin remains resilient amid market fluctuations
Traders increasingly recognized the contrasting sentiments surrounding Bitcoin and stock markets.
Related: Risk of Bitcoin crashing to $70K in ten days escalating — Analyst labels it BTC’s ‘practical bottom’
Following the tariff-induced shocks of the previous week, many asserted that the upcoming days could even bring notable upward movements in BTC’s price.
$BTC – #Bitcoin: We could dip lower first. However, I believe the final surge of this cycle is imminent. pic.twitter.com/dp6otpgE16
— Crypto Caesar (@CryptoCaesarTA) April 5, 2025
Bitcoin seems poised for a breakout next week — the $150K rally could just be beginning!$BTC #Bitcoin pic.twitter.com/jNWNoiHnwo
— @CryptoELlTES (@CryptooELITES) April 5, 2025
“$BTC volatility is steadily decreasing while the $VIX (Volatility Index) for Stocks has just reached its highest point since the Covid Crash in 2020,” noted popular trader Daan Crypto Trades in his latest analysis.
“This is quite unusual, and due to this compression, I am confident that a significant move in crypto is on the horizon next week. Whether it goes up or down will depend on whether stocks manage to find a bottom early in the week.”
BTC/USD vs. VIX volatility index chart. Source: Daan Crypto Trades/X
Another trader, Cas Abbe, suggested that the recent lows around $76,000 for BTC/USD might turn out to be a classic false breakdown.
“This scenario resembles the post-ETF dip and the crash of August 2024,” he shared with his followers on X.
“I’m awaiting a weekly reclaim of $92,000 to validate the uptrend.”
BTC/USDT 1-week chart. Source: Cas Abbe/X
This article does not provide investment advice or recommendations. All investing and trading activities involve risk, and readers should perform their own research before making any decisions.
