Bitcoin Ditches The Pack: Risk Assets Down, BTC Holds Steady
Bitcoin's price remains above $80,000, showing resilience amid a significant sell-off in US stocks, which lost $2.85 trillion and $3.25 trillion over two days, marking the worst decline in five years. This sell-off was triggered by US President Donald Trump's tariff increases. In contrast, Bitcoin's price increased by 1.3% to $83,205 during this period. The cryptocurrency market attracted $5.4 billion in new investments on the same day investors withdrew from stocks, indicating a potential shift in perception of Bitcoin during market uncertainty. While gold prices fell from a record high of $3,167 to around $3,000, Bitcoin's stability has drawn attention from financial experts. Analysts suggest that institutional buying, including GameStop's move to make Bitcoin its primary treasury asset, may be driving demand and supporting Bitcoin's price amidst traditional market pressures.
