Crypto Market Braces for Possible Black Monday Amid Rising Uncertainty

This weekend, crypto enthusiasts aren’t thinking about vacations—they’re bracing for what some fear could be a “Black Monday” for Bitcoin (BTC) and digital assets. Social media is buzzing with concerns that the market could face significant turbulence as the new week begins, echoing past financial downturns.

Much of the anxiety is centered around the 6 p.m. GMT futures opening on the S&P 500. Arthur Hayes, former CEO of BitMEX, highlighted this timing as a key moment, suggesting it could dictate market sentiment moving forward. Asian markets will already be active by then, making the U.S. futures session a crucial indicator for both traditional and crypto assets.

Despite a quiet weekend for Bitcoin, where price movement offered no clear direction, the lack of volatility may be the calm before the storm. Traders are in a holding pattern, with uncertainty clouding short-term predictions. As Hayes put it, there’s a "fog of war" across the markets.

Adding to the tension, CryptoQuant CEO has hinted that the current Bitcoin bull cycle may be over, further dampening investor confidence. Meanwhile, altcoins like XRP and ADA are showing bearish signals, with volume drops and technical patterns like ADA's approaching “death cross.”

The crypto market has seen Black Mondays before, most notably in March 2020 amid COVID-19 panic. Some analysts even argue that current risks outweigh those seen in 1987. While not every Black Monday leads to a prolonged crisis, historical trends show they can mark turning points.

As April 7 approaches, traders worldwide remain on edge, watching for signals that could define the next chapter in both crypto and global financial markets.