Bitcoin, altcoins at risk as Nasdaq 100, S&P 500 hit death crosses
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Bitcoin and major altcoins face significant market pressure as US stock indices, including the S&P 500 and Nasdaq 100, experience death crosses. The crypto market has already seen a substantial decline, with Bitcoin dropping from $109,300 to $77,396.43, and the overall crypto market cap losing over $1 trillion. Two primary factors are driving the equity market downturn: a potential slowdown in the AI industry and concerns about a possible global trade war and recession.
March 30, 2025 | 3:45 pm
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Bitcoin has already dropped from its year-to-date high of $109,300 to $77,396.43, and the current equity market death crosses suggest further potential downside.
Historical correlation between crypto and stock markets, combined with current technical indicators, suggests Bitcoin is likely to experience continued downward pressure.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100