Crypto
Bitcoin would not be directly hit by the new Trump tariffs, which will hurt businesses involving imports and exports
Published: April 4, 2025 at 5:16 p.m. ET
It’s too early to call bitcoin a safe haven, but it has managed to rise in the face of the worst stock-market rout in five years. Investors may be wondering if the correlation between bitcoin and tech stocks, after years in which the assets often moved in lockstep, is beginning to break down.
Bitcoin rose on Friday as U.S. stocks recorded the biggest two-day wipeout in history. The cryptocurrency went up 0.9% to around $83,961 on Friday, while the Dow Jones Industrial Average DJIA ended down over 2,200 points, or 5.5%, posting its largest one-day percentage decline since June 11, 2020, according to FactSet data. The S&P 500 SPX fell 6% and the Nasdaq Composite COMP declined 5.8% on Friday.
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