#NextCryptoETFs? #NextCryptoETFs?

News

Markets

This Week in Bitcoin: BTC Holds Steady as Trump's Trade War Wrecks Stocks

President Trump started a trade war with nearly every country on Wednesday and the stock market tanked. Bitcoin is doing OK, though.

Mat Di Salvo

By Mat Di Salvo

Apr 5, 2025

3 min read

Bitcoin is the largest crypto asset by market cap. Image: Created by Decrypt using AI

Bitcoin is the largest crypto asset by market cap. Image: Created by Decrypt using AI

Despite President Trump ratcheting up his trade war Wednesday, Bitcoin is holding steady. That comes even after U.S. equities and the dollar got hit hard over the last couple days.

The biggest digital coin's price was recently at $82,876 per coin, CoinGecko shows. It's effectively even over the last seven days while the S&P 500 just had its worst day since June 2020.

Experts told Decrypt that the asset had shown "impressive resilience" in the face of Trump's so-called Liberation Day, with the asset and other top coins bouncing back Friday after falling alongside stocks on Thursday.$BTC