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Bitcoin has maintained its price above $80,000 despite a massive sell-off in US stocks last week, sparking debate about its changing relationship with traditional risk assets.
Bitcoin Holds Ground While Stocks Tumble
The US stock market lost $2.85 trillion on April 3, followed by another staggering drop of $3.25 trillion by the end of Friday’s trading session. According to market analysts, this represents the worst two-day market decline in five years. The sell-off came in response to US President Donald Trump’s tariff increases, which sent investors rushing to pull their money out of stocks.
But while stocks fell, Bitcoin took a different path. The cryptocurrency remained stable, even seeing price increases during this period. As of the latest trading data, BTC is priced at $83,205, showing a 1.3% increase over the past week.
Crypto Market Welcomes $5.4 Billion In Fresh Money
In what some market watchers call a surprising turn, cryptocurrency markets received about $5.4 billion in new investments on Friday alone. This happened at the exact time investors were pulling billions from stocks, suggesting a possible shift in how people view the top crypto during uncertain times.
Even gold, which had recently hit a record high of $3,167 on April 3, dropped sharply to around $3,000 during Friday’s market troubles. Based on reports, Bitcoin’s price stability while both stocks and gold fell has caught the attention of many financial experts.
Market Experts Express Surprise At Crypto’s Performance
Bloomberg ETF analyst James Seyffart highlighted Bitcoin’s unexpected strength in an X post on April 4. He wrote that he was “genuinely shocked” by Bitcoin’s ability to remain above $80,000 while other assets fell.
Genuinely shocked a bit by Bitcoin’s resilience. Would not have guessed it would hold above $80k in this type of broader market selloff of risk assets…
Hell — even Gold is down? pic.twitter.com/SKRkZF8hCb
— James Seyffart (@JSeyff) April 4, 2025
Adam Back, co-founder of Blockstream, suggested this might signal that Bitcoin is finally breaking its pattern of following stock market movements. He proposed that market makers might be taking advantage of limited cash in the system to adjust Bitcoin’s typical correlation with stocks.
#bitcoin decoupling finally. was thinking the coupling was fake. maybe market makers using bitcoin market shortage of fiat liquidity to auto-correlate bitcoin, noticeable on US market open.
— Adam Back (@adam3us) April 4, 2025
Companies Continue To Buy Bitcoin Despite Market Fears
According to the report, Bitcoin’s price stability might be linked to ongoing purchases by major companies. Strategy has returned to buying Bitcoin weekly after a brief pause, now in its third consecutive week of acquisitions.
Game retailer GameStop made headlines recently when it disclosed Bitcoin as its primary treasury asset. The company is seeking to raise $1.3 billion to acquire more Bitcoin, a Bloomberg analyst said.
These institutional purchasing trends might be generating sufficient demand to sustain Bitcoin prices despite pressure on conventional markets. Ongoing institutional demand indicates increasing confidence in Bitcoin as a store of value amidst market uncertainty.
Featured image from Gemini Imagen, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
