Bitcoin Price Holds Steady at $84,379 Amid Market Turbulence

In a note from April 15, 2025, Matt Hougan, CIO of Bitwise, analyzed Bitcoin's trading patterns amid geopolitical developments. Key points include:

Bitcoin's price on April 14 was $84,379, reflecting a 0.07% increase over the previous month.
This stability occurred alongside significant events: the U.S. announced a Strategic Bitcoin Reserve and imposed global tariffs.
While the S&P 500 has decreased by 12.0%, Bitcoin's decline was slightly higher at 12.4% since February 19.
Historically, Bitcoin's drops were steeper during market downturns compared to equities, contrasting with current behavior where it closely mirrors stock losses.
Hougan noted that although Bitcoin is not yet a definitive hedge asset like gold, its resilience around the $80,000 mark demonstrates strength against macroeconomic shocks.
The evolving role of Bitcoin is highlighted as it transitions towards being viewed more like “digital gold” due to increased integration into corporate balance sheets and strategic reserves.
Hougan cautioned about the unpredictable macro environment, suggesting further equity declines could affect Bitcoin's stability.
At press time, Bitcoin was trading at $85,200.

Bitcoin price