Bitcoin price at risk of new 5-month low near $71K if tariff war and stock market tumult continues

Date: 2025-04-09

Bitcoin (BTC) price made a swift move to $78,300 at the April 9 Wall Street open as “herd-like” price action in equities markets continued to spook risk-asset traders.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin gyrates as stocks make historyData from Cointelegraph Markets Pro and TradingView showed BTC/USD retargeting five-month lows under $75,000 before rebounding leading into the NY trading session.A deepening US-China trade war kept stocks on their toes, having cost Bitcoin the $80,000 mark the day prior.Highly unusual market behavior had accompanied US tariff announcements, and China’s response with reciprocal tariffs saw the S&P 500 smash records with its roundtrip from lows to highs and back.“On a point basis, the S...

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