Bitcoin has shown remarkable resilience, holding steady at around $83,000 despite a tumultuous period for U.S. stocks. Over the past 24 hours, bitcoin’s price increased by about 1%. Since President Trump’s tariff announcement on Wednesday evening, bitcoin has only declined by 3.5%. In contrast, the Nasdaq experienced a significant drop, falling 6% on Thursday and another 5% on Friday. Bitcoin’s performance starkly contrasts with crypto-related stocks like Coinbase, MicroStrategy, Semler Scientific, and miners, which all saw double-digit percentage declines over the past two sessions. The broader crypto market also displayed strength, with the CoinDesk 20 Index rising, led by 4%-5% gains in XRP, Solana’s SOL, and Cardano’s ADA. Analysts suggest that bitcoin’s ability to decouple from traditional stock markets could enhance its appeal as a hedge during times of economic uncertainty.
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