Crypto Outshines Nasdaq as Trump Tariffs Trigger Massive Selloff
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- U.S. equities lost $5.4T two days after Trump announced new tariffs.
- Bitcoin dropped only 6%, while the Nasdaq plunged 11%.
Bitcoin and the broader crypto market show resilience as U.S. equities face a brutal selloff. President Donald Trump’s unveiling of reciprocal tariffs sparked a $5.4 trillion wipeout in just two days. The S&P 500 dropped to its lowest in 11 months, while the Nasdaq 100 entered bear market territory.
Despite the market panic, Bitcoin dropped only 6% compared to the Nasdaq’s 11% plunge. According to TheTie, the total crypto market cap stands at $2.65 trillion. Over the last 24 hours, Bitcoin dipped 0.70% to $82,962. Meanwhile, the CD20 rose 0.2%, signaling investor confidence.
Bitcoin (BTC) as a Hedge
Crypto stocks showed mixed performance. Bitcoin miner MARA Holdings rose 0.6%, while Core Scientific (CORZ) gained 0.4%. Strategy (MSTR), which holds 528,185 BTC, climbed 4%. In contrast, the Nasdaq dropped 5.8% on the same day. Bitcoin outperformed traditional tech stocks.
Standard Chartered’s Geoffrey Kendrick described Bitcoin as a potential hedge against traditional finance instability. He also added that Bitcoin is becoming a “U.S. isolation” hedge. In a note sent on April 4, he shared a chart showing that only Microsoft, among the “Magnificent 7” stocks, outperformed BTC during the crash.
The timing of Bitcoin’s resilience adds symbolic value. April 5 marked the birthday listed on Satoshi Nakamoto’s P2P Foundation profile. Many believe the date honors Executive Order 6102, signed in 1933, which forced Americans to surrender gold. Today, Bitcoin is behaving like the modern version of that hedge.
Since January, U.S. equities have lost over $11 trillion. Trump’s tariffs are reigniting global trade tensions. Inflation and recession fears are pushing investors to seek alternatives. Arthur Hayes, co-founder of BitMEX, warned that April could be Bitcoin’s toughest month. He cited falling liquidity, tax season, and central bank posturing.
Yet, Bitcoin is defying expectations. It acts more like a haven than a risk asset. While Wall Street wobbles, Bitcoin holds steady. It’s digital, borderless, and fast. Unlike gold, it thrives in chaos.
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