Bitcoin Remains Above $80,000 Amid Significant Stock Market Decline

Bitcoin has remained above $80,000 despite a significant sell-off in US stocks, which lost $2.85 trillion on April 3 and an additional $3.25 trillion by the end of the week. This decline was triggered by US President Trump's tariff increases.

Key Highlights

Bitcoin's price is currently at $83,205, reflecting a 1.3% increase over the past week.
The cryptocurrency market saw an influx of $5.4 billion in investments on Friday, coinciding with stock withdrawals.
Gold dropped from a record high of $3,167 to around $3,000 during the market turmoil.
Analysts noted Bitcoin's unusual resilience amid declines in traditional assets.
James Seyffart from Bloomberg commented on Bitcoin's unexpected strength, emphasizing its stability during the downturn.
Adam Back from Blockstream suggested a potential decoupling of Bitcoin from traditional stock market movements.
Major companies, including GameStop, are continuing to acquire Bitcoin, with GameStop seeking to raise $1.3 billion for further purchases.