The crypto and stock markets experienced significant declines on April 3, with the S&P 500 dropping 4.2%, marking its largest single-day loss since June 2020. The Dow Jones Industrial Average decreased by 3.41%, and the Nasdaq Composite fell by 5.23%, totaling a loss of $1.6 trillion across US stocks. Bitcoin fell 8%, though it found some support at the $80,000 level. The sharp declines are attributed to market uncertainty caused by US President Donald Trump's announcement of reciprocal tariffs. The total cryptocurrency market also suffered, dropping 6.8% in 24 hours, with over $573 million in liquidations, predominantly affecting leveraged positions around $80,000 for Bitcoin. Analysts suggest that if Bitcoin breaks below this support with strong trading volume, it could drop further to the $64,000-$65,000 range. Investors are questioning whether a relief rally is feasible given these oversold conditions.

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