Analysis: Bitcoin Plunges to April Lows as Crypto Market Diverges from U.S. Equities

According to CoinDesk, Bitcoin failed to break above $83,000 and continued to face downward pressure, falling to its lowest level since early April—currently trading at $73,526, with a mere 0.07% gain over the past 24 hours. This pullback extends the three-week downtrend and forms a series of lower lows since October last year, widely viewed as a potential bearish signal. Ethereum followed suit, briefly dipping to $1,965 before recovering slightly above $2,000. Meanwhile, U.S. equities continue to outperform crypto markets, with both the S&P 500 and Nasdaq 100 futures rising 0.15% and approaching all-time highs.