This asset’s unmoved by Trump’s tariffs as stock market carnage heats up
While United States equities took a historic beating this week after President Donald Trump’s sweeping new tariffs, one major asset class barely flinched—Bitcoin (BTC). Notably, at a time when all the major indices recorded massive capital outflows, Bitcoin showed resilience, a move mirrored across the broader cryptocurrency market. As of press time, Bitcoin was trading at $82,427, down just 0.49% over the past seven days. In the past 24 hours, the flagship digital currency has slipped a modest 0.5%. Bitcoin seven-day price chart. Source: Finbold In contrast, weekly index performance paints a bleak picture: the S&P 500 is down 8.21%, the Dow Jones has dropped 7.4%, and the Nasdaq fell 8.4%. The cryptocurrency titan showed surprising stability throughout the week, briefly surging to nearly $88,000 on April 2 before cooling off. Despite the pullback, Bitcoin has remained largely range-bound and resilient, showing signs of decoupling from broader market t...