Apr 5, 11:57 PM

Bitcoin Holds Above $83,000, Down 23.84%, While Nasdaq and S&P 500 Drop 22.72% and 17.43%

Bitcoin has shown resilience amid recent volatility in U.S. stock markets, maintaining a price above $83,000. As of April 6, 2025, Bitcoin is down 23.84% from its all-time high, while the Nasdaq Index has decreased by 22.72% and the S&P 500 by 17.43%. Notably, Bitcoin's drawdown from its peak is less severe compared to several major tech stocks, including Microsoft at -23%, Apple at -28%, Amazon at -29%, Google at -29%, Meta at -32%, Nvidia at -39%, and Tesla at -51%. This performance indicates a shift in Bitcoin's volatility profile, suggesting it is no longer behaving as a leveraged beta asset relative to the stock market. The recent downturn in the Nasdaq, which fell by 11% over two days, further underscores the divergence between Bitcoin and traditional equities.

#Bitcoin #Nasdaq Index #Microsoft #Apple #Amazon #Google #Meta #Nvidia #Tesla #Nasdaq

Written with ChatGPT (GPT-4o mini).

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Bitcoin Holds Above $83,000, Down 23.84%, While Nasdaq and S&P 500 Drop 22.72% and 17.43%

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