The Slide of the US stock market.
The Technological Heavy Index lost 5.5% on Thursday, just outside 20 worst single -day reductions since 2000, according to PakGazette. The majority of the largest reductions occurred during the coma point accident of 2000-2001 and the 2008 world financial crisis. They also suffered other capital measures, with the S&P 500 index falling almost 5%.
On the contrary, the price of Bitcoin (BTC), which generally correlates with US actions in a short period of time, reduced the trend. The largest cryptocurrency, which fell immediately after the announcement, while the stock markets closed, increased 0.7% the next day, with an impulse to Friday, according to Glassnode data.
Bitcoin is now quoted above $ 84,000 compared to approximately $ 87,000 before Trump began talking. Meanwhile, Nasdaq’s futures are lower ahead of the US jobs report.
Bitcoin made its minimum of 2025 in mid -March to around $ 76,000, while Nasdaq reached a minimum on Thursday. On the date, Bitcoin is surpassing Nasdaq, losing 10% compared to 11% of the index.
Analyst Caleb Franzen highlighted Bitcoin’s relative force compared to S&P 500 in this risk environment, pointing out its resistance around the 200 -day mobile average.
“It is quite remarkable to see that Bitcoin has increased +3.4% today in relation to the S&P 500, particularly in a risk environment. As I have recently pointed out, BTC/SPy continues to keep over its 200 -day mobile average cloud,” Franzen said in an X publication.
