The presentation of reciprocal rates of President Donald Trump had led to an elimination of the US $ 5.4 billion market in just two days as the S&P 500 index fell to its lowest level in 11 months and Nasdaq 100 entered the territory of the Bear market.
However, in the midst of chaos, cryptocurrency prices show resistance, with Bitcoin (BTC) falling approximately 6% since the rates were revealed, compared to the 11% drop of Nasdaq. The largest cryptographic market, measured by the Coendesk 20 index (CD20), decreased approximately 4.9% during the same period.
To put the sale figures for the sale in perspective, the total limit of the cryptographic market is around $ 2.65 billion, according to Thetie data. In the last 24 -hour period, Bitcoin fell 0.3% to $ 82,619.77, while the broader CD20 increased approximately 0.2%. At the closing of the market on Friday, most of the actions related to cryptography also fell, but some really ascended.
Bitcoin Mine Mara Holdings (Mara) increased 0.6%, while Core Scientific (Corz) saw an ascending movement of 0.4%. Strategy (MSTR), the largest corporate head of Bitcoin with 528,185 BTC in its general balance, increased 4%. It significantly exceeded Nasdaq on Friday, which fell 5.8%.
It is likely that cryptocurrency prices remain resistant. Given its accessibility through traditional investment products, including the funds quoted in the stock market (ETF) and their performance, they could be “useful as tradfi coverage,” according to Gendrey Kendrick of Standard Chartered.
“During the last 36 hours, I think we can also add the coverage of ‘American isolation’ to the Bitcoin use list,” Kendrick wrote in an email dated April 4, adding a graph that shows that among the magnificent 7 shares, only Microsoft surpassed BTC during the sale of the sale.
Resilience also comes when the cryptographic community celebrated the alleged birthday of Bitcoin Satoshi Nakamoto creator. The date is based on the profile of the creator of Bitcoin with the P2P Foundation.
The date, some speculate, is not real but symbolic. It coincides with the anniversary of Executive Order 6102, signed by President Franklin D. Roosevelt on April 5, 1933. The Order required that Americans deliver their gold to the Federal Reserve.
Read more: Bitcoin begins to decoup
