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S&P 500 Shortly sees volatility of ‘Bitcoin-Level’ in the middle of Trump’s Tariff War


The S&P 500 index has experienced a brief volatility of Bitcoin level at the end of US President Donald Trump’s April 2 “Liberation Day” Tariff announcement, emphasizing the panic and fear of holding the traditional market amid the ongoing trade war.

Bloomberg’s analyst Eric Balchunas alerted his X followers of the S&P 500’s volatility, measured by the “Spy US Equity Hist Vol” chart, reached 74 in early April, exceeding Bitcoin’s (Btc) Level of 71.

Source: Eric Balchunas

The increase marks a significant deviation from the average volatility of the S&P 500, which is below 20.

For Bitcoin though, intense volatility has been a feature since the start of the owner.

“The volatility of Bitcoin remains up to 3.9 and 4.6 times of gold and global equality, respectively,” according to Blackrock.

While Bitcoin’s average volatility refuses over time, there is a possibility of experiencing higher price swings than more established possessions. Source: Blackrock

Stocks experience volatility at the level of crisis due to Trump’s trade warwho threatened duties anywhere from 10% to 50% to imports from the largest American trading partner. While Trump has some of his tariffs have been Within 90 days, the administration posted roles in Chinese imports of at least 145%.

Volatility has also expanded to other properties, most noticeable in the US Treasurys, who has experienced a huge sale this week. The yield in the 10-year Bond of Treasury is on track for his steep rise Since 2001.

Related: As the Trump Bitcoin Tanke, PMI offers a roadmap what’s next

Despite “macro relief,” bitcoin remains under pressure

Equity market markets experienced a historic rally on April 9 after Trump’s tariff pause. However, “Macro Relief” does not reach the The Bitcoin or the funds exchanged by fund (ETF) in any significant way, which is a sign that “institutional confidence remains cautious in the near term,” Bitfinex analysts say cointelegraph in a note.

“After the January record streams, ETF demand has cooled, with many products seeing net outflows in recent weeks,” the analysts said. “It reflects the concern of large allocators that may be waiting for more desirable entry points or clearer regulations.”

The US spot bitcoin ETF has experienced six consecutive days of flows. Source: Father

Despite Bitcoin’s performance failure, Bitfinex said the second quarter until the end of 2025 was bullish potential for the class of possession as a whole as “new narratives to handle,” such as sovereign accumulation and growth in the Tokenization of real-world asset.

The unchained market director, Joe Burnett, shared a similar view, focusing that Bitcoin has more attractive properties for long-term investors concerned about government policy and FIAT risk that affects their portfolios.

While the S&P 500’s Volatility Spike is likely to be short -lived, Burnett says its recent performance is “challenging the long -standing belief that traditional markets are safer, less dangerous, or more stable.”

Related: Poor Yuan is ‘bullish for BTC’ as Chinese capital capital in crypto – bybit CEO