Trump’s Tariffs Send blow to Traditional Market, Causing Bitcoin to Repeatedly Outperform Stocks

By: zycrypto|2025/05/08 15:45:01
0
Share
copy
The traditional financial market has been rocked by a major bear trend, which has been fueled by President Donald Trump’s tariff hikes. As a result, the stock market has recorded massive losses over the past weeks. On the flip side, the crypto market has managed to stay afloat, with the leading cryptocurrency Bitcoin outpacing stocks on multiple occasions. As David Duong, the Head of Research at Coinbase Institution, observed in a recent interview with Ash Bennington, the trend kicked off on Liberation Day, after April 2nd. As Juong is quoted as saying; “Stocks were trading down like 4 to 5 Standard Deviations lower. Whereas Bitcoin was moving maybe one and a half Standard Deviations Lower. And it happens not just for one day, but for several.” The development further suggests that Bitcoin, a somewhat volatile asset, has managed to maintain stability through the ongoing market chaos. “So you’re seeing that really from a risk-adjusted perspective, crypto in general and Bitcoin specifically is actually doing a lot better than we’ve been seeing inside traditional assets,” Juong observed. Bitcoin forges ahead as bulls prepare to test the $100,000 price mark The big bull has remained on course, with bullish momentum sustained over the past week, propelling bulls to attempt to reclaim the $100,000 price level. Data from Glassnode shows that Bitcoin has successfully tapped $97,900, a price level last seen two months ago. The rebound in Bitcoin’s price has strengthened investors’ confidence, bolstering optimism amongst market participants ahead of the coming days. Noticeably, week-on-week data shows that over 3 million BTC have returned to profit. At press time, Bitcoin is at $99,159, with daily gains of 2.63%.

You may also like

Connecting encryption, TradFi, and payments, is Gate completing the final puzzle of the "super APP"?

Why is it said that TradFi is not a short-term narrative?

a16z Crypto Operating Partner: Wall Street is undergoing its biggest infrastructure upgrade in 30 years

What is currently happening is the largest infrastructure upgrade in the capital market since the rise of electronic trading thirty years ago.

a16z Crypto's latest research: What is the key to the large-scale application of DeFi?

The widespread adoption of on-chain financial applications still faces an invisible barrier: the lack of transaction order certainty. Under a single leader architecture, nodes can delay, censor, or even front-run user transactions, thus completely distorting the game among market makers, bidders, an...

Founder of Delphi Labs: My observations and feelings about the AI ecosystem in China in two weeks

Delphi Labs co-founded a deep observation of China's AI ecosystem: hardware manufacturing is quietly winning the global war at an astonishing speed, but the software sector is mired in an overvaluation bubble and the homogenization of founders.

AI Seating Chart Released | Rewire News Morning Brief

Musk and Ultraman are not above

Is the era of Embodied AI's "GPT Moment" Approaching? Axis Robotics Announces End of Testing, Set to Launch on Base Chain

Axis's answer is yes - provided that a thorough reshaping of the scale-up production of robotic data is required, and a redefinition of the deployment paradigm in the physical world.

Popular coins

Latest Crypto News

Read more