The Nasdaq Composite has posted one of the worst days since 2000 as BTC steadied after Tariff Drop
US stock-market slides prompted by President Donald Trump’s Tariff announcement On Wednesday the Nasdaq Composite Index was sent to one of the biggest funks since the beginning of the century.
The tech-heavy Lost the index of 5.5% On Thursday, just outside the top 20 worst single-day drawdown since 2000, according to investing.com. Most of the biggest drawdowns occurred in the DOT-COM crash of 2000-2001 and the 2008 financial crisis. Other equity steps also suffered, with the S&P 500 index falling nearly 5%.
In contrast, the bitcoin (Btc) Price, which is usually linked to US equality in short hours, which is the trend. The largest cryptocurrency, which fell immediately after the announcement as the stock markets closed, rose 0.7% the next day, with momentum carrying Friday, according to glassnode data.
Bitcoin is now trading above $ 84,000 compared to nearly $ 87,000 before Trump started speaking. Meanwhile, the futures of the Nasdaq, are below the fore US work report Because of the other day.
Bitcoin made 2025 low in mid -March around $ 76,000, while Nasdaq hit the Low on Thursday. Year-to-date, Bitcoin changes NASDAQ, which has lost 10% against 11% of the index.
Analyst Caleb Franzen The highlighted strength of Bitcoin’s relative compared to the S&P 500 in this atmosphere at risk, noting its stability around the 200-day average move.
“It’s a bit noticeable to see that Bitcoin is up to 3.4% now associated with the S&P 500, especially in a risk environment. As I recently taught, BTC/Spy continues to hold above the 200-day moving average cloud,” Franzen said in an X.
