Bitcoin and the broader crypto market I have it Amid another round of decline, it has grown surprisingly strong despite a massive crash in the US stock market.
The US stock market fell again on Friday, April 4, 2025, eliminating its $1.5 trillion market capitalization within the opening hours of the day. This sharp selling comes from the rising global trade tensions, particularly following new tariffs. announcement President Donald Trump.
Stocks suffered deep losses as investors became increasingly uneasy about the possibility of a long-term trade war between the US and China Selection subject Indexes and sectors.
But, in contrast, Bitcoin and the broader cryptocurrency markets showed resilience and presented surprising to investors safety A shelter in a turbulent financial atmosphere.
US stock market crash
especiallythe S&P 500 collapsed 4.8% during press, marking the sharpest daily drop in four years. The recession has urged several major investment banks to cut their year-end forecasts.
UBS revised forecasts from 6,400 under RBC reduced its outlook to 5,550, but it went to 5,800. jpmorgan chain Proposed If tariffs are in effect, there is currently a 60% chance of a global recession.
Tech stocks were one of the biggest influencers. The Roundhill Magnificent Seven ETF has been heavier and heavier with top tech performers, down nearly 7% and is now down 20%. Apple’s stock fell 8%, while Amazon fell 7%. Tesla also faced a major blow, passing 5.4% of its value.
In particular, Dan Ives from Wedbush I warned That escalating tariffs could halt AI’s growth trajectory and push the tech industry back into ten years. Meanwhile, financial institutions did not escape from the massacre, with shares of JPMorgan and Citigroup. both Approximately 5% slide.
Bitcoin and crypto are surprisingly unmoving
However, amidst the traditional market turmoil, the crypto sector has shown significant stability. After suffering a 3.13% correction on Wednesday, April 2nd, it fell to the bottom edge of the $82,000 range, Bitcoin has regained traction The next day, they posted a 0.76% rebound, even if Wall Street extended the loss.
On Friday, April 4th, Bitcoin was only slightly soaked, trimming just 0.42% from its value. Interestingly, over the past 24 hours, the assets have earned 1.07%, currently trading at $82,809, sitting near the top of the recent range.
Global crypto market capitalization showed similar resilience. Today it fell shortly to $2.58 trillion, but recovered to $2.61 trillion, representing a mere 0.54% increase from the opening figure.
Plus, of the top 10 cryptocurrencies, all have made profits over the past 24 hours. Dogecoin led the rally with a profit of 5.4% XRP continued closelyclimbs 5.22%. Ethereum improved by 1.5%, Cardano added 3.29%, and Solana increased by 2.02%.
This difference has attracted the attention of analysts. Joe Burnett, Head of Research at Unchained; It’s attracting attention That Bitcoin is nearing the highest ever Against The NASDAQ shows increased confidence in the role of assets as a hedge amidst the stock market turmoil.
Bitcoin is constantly trying to raise the new time against the Nasdaq.
The transition from big technology to sound money melts the brain. pic.twitter.com/xceojkm0zd
– Joe Burnett, MSBA (@iicapital) April 4th,
Meanwhile, analyst Colin observation Global M2 Money Supply has been adjusted in a way that suggests a short-term bottom around April 6th, with a potential expansion phase beginning in May.
He noted that this was mere observations and not predictions, but he highlighted how Bitcoin surpassed stocks during this recession, maintaining a prominent level of resilience.
