Crypto Market Falls as U.S. Stocks Open, Pressuring Bitcoin and Major Altcoins

Bitcoin has become more closely correlated with U.S. equities and other risk assets, with U.S. employment data, oil-price volatility and the dollar's performance all influencing investors' risk appetite. Heavier selling around $68,000 is also affecting major altcoins including Ether, BNB, XRP and Solana, making their performance an important gauge of the crypto market's next move.

Market analysis on March 30 showed Bitcoin encountering significant selling near $68,000 after U.S. stocks opened, leaving it struggling to hold its short-term highs as major altcoins also came under pressure. Onchain analyst Willy Woo estimated that Bitcoin's potential bottom could lie between $46,000 and $54,000, reflecting a shift toward bearish market sentiment.