Nasdaq Composite Index Plummets 5.5% as Bitcoin Rises 0.7%

The U.S. stock market experienced significant declines following President Trump's global tariff announcement, with the Nasdaq Composite Index dropping 5.5%, marking one of its largest single-day falls since 2000. Other indices, including the S&P 500, also saw substantial losses.

In contrast, Bitcoin displayed resilience. After initially falling post-announcement, it increased by 0.7% the following day, currently trading above $84,000. Year-to-date, Bitcoin is down 10%, slightly outperforming the Nasdaq's 11% decline.

Nasdaq fell 5.5%, nearing top 20 worst drawdowns since 2000.
S&P 500 index dropped almost 5%.
Bitcoin rose 0.7% post-tariff announcement.
Current Bitcoin price: above $84,000.
Bitcoin made a low of around $76,000 in mid-March.
Analyst Caleb Franzen noted Bitcoin's strength compared to the S&P 500.
Bitcoin remains above its 200-day moving average.