Bitcoin Plummets Below $80,000 as Risk Sentiment Erodes

Bitcoin’s price is experiencing a significant decline, falling below $80,000 after failing to hold gains made earlier in April. This drop coincides with a broader market downturn marked by record S&P 500 losses and the emergence of a bearish “death cross” signal on-chain. The impact is being felt across various asset classes, including cryptocurrencies, as investors react to escalating trade tensions.