Crypto Market Shows Resilience Amid $5.4 Trillion U.S. Stock Decline

President Trump's recent tariff announcement triggered a $5.4 trillion decline in the U.S. equities market, with the S&P 500 hitting its lowest level in 11 months and the Nasdaq entering bear market territory.

In contrast, cryptocurrency prices demonstrated resilience:

Bitcoin dropped approximately 6% since the tariffs were announced, compared to an 11% decline in the Nasdaq.
The CoinDesk 20 index fell by roughly 4.9% during the same period.
The total crypto market cap is around $2.65 trillion.
In the last 24 hours, Bitcoin decreased by 0.3%, currently priced at $82,619.77, while the CD20 index rose by about 0.2%.

Some crypto-related stocks gained value despite the overall market downturn:

MARA Holdings rose 0.6%
Core Scientific increased by 0.4%
MicroStrategy (MSTR) gained 4%, significantly outperforming the Nasdaq's 5.8% drop.

Geoffrey Kendrick from Standard Chartered noted that cryptocurrencies could serve as a hedge against traditional finance, also highlighting their potential use as a hedge against "US isolation." He remarked that only Microsoft outperformed Bitcoin among major tech stocks during this sell-off.

The crypto community also celebrated the symbolic birthday of Bitcoin creator Satoshi Nakamoto, coinciding with the anniversary of Executive Order 6102, which mandated gold surrender to the Federal Reserve in 1933.