Bitcoin
Bitcoin (BTC)
$83,612.00 1.9617
Bitcoin price
Ethereum
Ethereum (ETH)
$1,807.00 1.13402
Ethereum price
BNB
BNB (BNB)
$596.00 1.26372
BNB price
Solana
Solana (SOL)
$122.32 5.73918
Solana price
XRP
XRP (XRP)
$2.12 3.32765
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000122 0.18114
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000071 7.24078
Pepe price
Bonk
Bonk (BONK)
$0.0000112 2.94974
Bonk price
dogwifhat
dogwifhat (WIF)
$0.382449 0.9488
dogwifhat price
Popcat
Popcat (POPCAT)
$0.163614 4.73112
Popcat price
Bitcoin
Bitcoin (BTC)
$83,612.00 1.9617
Bitcoin price
Ethereum
Ethereum (ETH)
$1,807.00 1.13402
Ethereum price
BNB
BNB (BNB)
$596.00 1.26372
BNB price
Solana
Solana (SOL)
$122.32 5.73918
Solana price
XRP
XRP (XRP)
$2.12 3.32765
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000122 0.18114
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000071 7.24078
Pepe price
Bonk
Bonk (BONK)
$0.0000112 2.94974
Bonk price
dogwifhat
dogwifhat (WIF)
$0.382449 0.9488
dogwifhat price
Popcat
Popcat (POPCAT)
$0.163614 4.73112
Popcat price
Bitcoin
Bitcoin (BTC)
$83,612.00 1.9617
Bitcoin price
Ethereum
Ethereum (ETH)
$1,807.00 1.13402
Ethereum price
BNB
BNB (BNB)
$596.00 1.26372
BNB price
Solana
Solana (SOL)
$122.32 5.73918
Solana price
XRP
XRP (XRP)
$2.12 3.32765
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000122 0.18114
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000071 7.24078
Pepe price
Bonk
Bonk (BONK)
$0.0000112 2.94974
Bonk price
dogwifhat
dogwifhat (WIF)
$0.382449 0.9488
dogwifhat price
Popcat
Popcat (POPCAT)
$0.163614 4.73112
Popcat price
Bitcoin
Bitcoin (BTC)
$83,612.00 1.9617
Bitcoin price
Ethereum
Ethereum (ETH)
$1,807.00 1.13402
Ethereum price
BNB
BNB (BNB)
$596.00 1.26372
BNB price
Solana
Solana (SOL)
$122.32 5.73918
Solana price
XRP
XRP (XRP)
$2.12 3.32765
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000122 0.18114
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000071 7.24078
Pepe price
Bonk
Bonk (BONK)
$0.0000112 2.94974
Bonk price
dogwifhat
dogwifhat (WIF)
$0.382449 0.9488
dogwifhat price
Popcat
Popcat (POPCAT)
$0.163614 4.73112
Popcat price

Bitcoin holds steady amid stock market crash, says Unchained analyst

News
Bitcoin holds steady amid stock market crash, says Unchained analyst

As the stock market declines due to U.S. tariffs on most of its trading partners, Bitcoin has shown some resilience. An expert at Unchained explains why.

US stocks have seen some of the worst performance in years. However, Bitcoin (BTC) showed relative resilience, which is great news for institutional investment, explains Joe Burnett, Director of Market Research at the crypto financial firm Unchained.

On April 4, the Dow Jones Industrial Average shed more than 2,200 points, adding to Thursday’s decline of 1,679 points. This was the worst two-day performance in history, leaving many equity investors anxious over the weekend.

At the same time, Bitcoin showed relative resilience, even starting to recover, and actually registered a 2.2% gain in the last 24 hours. Burnett suggested that this is a repeat of the pattern from 2020, when Bitcoin prices led the market recovery.

Recalling March 2020, bitcoin rapidly bottomed and recovered first (before U.S. equities), a pattern potentially repeating today as bitcoin hasn’t made new lows since March 11th.

Due to Bitcoin’s high volatility, Burnett said it is often the first asset investors sell when liquidity dries up. However, because the selloff is typically fast and aggressive, Bitcoin often bottoms before equities.

This may also indicate that stocks are nearing a bottom. Supporting this view is the AAII investor sentiment survey, which fell to 19.11% on March 13, the lowest level since the pandemic. This extreme negative outlook could mean that stocks are set for a reversal.

Bitcoin holds steady amid stock market crash, says Unchained analyst - 1

Still, Burnett cautioned that this does not guarantee Bitcoin is out of danger.

Of course, if stocks continue falling aggressively over the coming weeks, it’s reasonable to expect that bitcoin could experience another leg down too.

Read more about

Rexas Finance Presale

  • RWA Ecosystem
  • Certik Audited
  • Raised Above $35,000,000
  • 40,000+ Holders
  • 100,000+ Community