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Bitcoin Shows Off Against Nasdaq, Which Has Experienced a Historical Pullback Despite the Plummet! - Coin Bulletin
After US President Donald Trump's announcement of global trade tariffs, the Nasdaq index experienced a significant get dumped, while Bitcoin (BTC) showed unexpected resistance.
Last Wednesday, Trump's announcement of new customs tariffs to be implemented worldwide triggered a major selling wave in the U.S. stock markets. This development particularly affected the Nasdaq Composite Index, causing it to experience one of the largest daily losses since 2000, with Nasdaq losing 5.5% on Thursday. This drop was recorded as one of the sharpest daily declines in the last 25 years. The S&P 500 index also fell by approximately 5%.
However, Bitcoin (BTC), which generally moves similarly to US stocks in the short term, displayed surprisingly different performance this time. According to the latest data from Glassnode, BTC, which experienced a drop during the hours the markets were closed following Trump’s statements, recovered the next day, gaining 0.7% in value and continued its rise on Friday.
Bitcoin had seen its lowest level in 2025 around 76 thousand dollars in mid-March. Nasdaq recorded its lowest level last Thursday. Since the beginning of the year, Bitcoin has lost 10% of its value, performing relatively better compared to Nasdaq, which has experienced an 11% loss.
Analyst Caleb Franzen emphasized that Bitcoin has remained strong even in this environment compared to S&P 500 and has managed to stay above its 200-day moving average: