Bitcoin price retakes $80K as US stocks avoid ‘Black Monday’ meltdown
Bitcoin (BTC) sought a relief rally into the April 7 Wall Street open as US stocks rebounded from a 4%+ loss.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin joins US stocks in relief rally
Data from Cointelegraph Markets Pro and TradingView showed the area around $80,000 forming a focus for BTC/USD after the pair hit five-month lows.
The fallout from US trade tariffs continued to ricochet across global markets, with Asia stocks closing the day with considerable losses.
At the same time, reports of a potential 90-day pause in the tariffs going live, against a background of negotiations with over 50 US trading partners, helped pare losses in futures markets ahead of the open and allowed the S&P 500 and Nasdaq Composite Index…
