Crypto prices outperformed Nasdaq amid $5T equities crash, BTC seen as isolation hedge

From Yahoo Finance: 2025-04-05 10:47:00

President Trump’s tariff announcement caused a $5.4 trillion U.S. equities market wipeout in two days. Nasdaq 100 entered bear market territory, S&P 500 at 11-month low. Despite this, cryptocurrency prices held up better, with BTC dropping 6% compared to Nasdaq’s 11%.
Total crypto market cap is $2.65 trillion, with BTC at $82,619.77. CD20 index dropped 4.9%. Some crypto stocks rose: MARA Holdings (MARA) up 0.6%, Core Scientific (CORZ) up 0.4%, Strategy (MSTR) up 4%, outperforming Nasdaq.
Cryptocurrency prices expected to remain resilient, potentially serving as a hedge against traditional financial markets. Standard Chartered’s Geoffrey Kendrick sees them as a useful tool for diversification. BTC outperformed most stocks during recent sell-off.
Crypto community celebrated the purported birthday of bitcoin creator Satoshi Nakamoto. Date aligns with Executive Order 6102, signed by President Roosevelt in 1933, requiring Americans to turn in their gold. Some believe the date is symbolic rather than factual.
Bitcoin shows signs of decoupling from Nasdaq as U.S. stocks struggle. Despite market turmoil, crypto prices remain resilient. BTC’s performance during recent sell-off highlights its potential as a hedge. Satoshi Nakamoto’s purported birthday aligns with historical events.

Read more: Crypto Outperforms Nasdaq as BTC Becomes ‘U.S. Isolation Hedge’ Amid $5T Equities Carnage