U.S. equities lost $5.4T two days after Trump announced new tariffs.
Bitcoin dropped only 6%, while the Nasdaq plunged 11%.
Bitcoin and the broader crypto market show resilience as U.S. equities face a brutal selloff. President Donald Trump’s unveiling of reciprocal tariffs sparked a $5.4 trillion wipeout in just two days. The S&P 500 dropped to its lowest in 11 months, while the Nasdaq 100 entered bear market territory.
Despite the market panic, Bitcoin dropped only 6% compared to the Nasdaq’s 11% plunge. According to TheTie, the total crypto market cap stands at $2.65 trillion. Over the last 24 hours, Bitcoin dipped 0.70% to $82,962. Meanwhile, the CD20 rose 0.2%, signaling investor confidence.
Bitcoin (BTC) as a Hedge
Crypto stocks showed mixed performance. Bitcoin miner MARA Holdings rose 0.6%, while Core Scientific (CORZ) gained 0.4%. Strategy (MSTR), which holds 528,185 BTC, climbed 4%. In contrast, the Nasdaq dropped 5.8% on the same day. Bitcoin outperfo
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