#BTCvsMarkets Today, Sunday, April 6, 2025, global stock markets experienced a sharp decline in response to the announcement of massive tariffs by U.S. President Donald Trump. These tariffs have triggered concerns about a global trade war and potential recession.
Performance of U.S. Stock Markets:
S&P 500 (SPY): Closed at $505.28, down 5.75% from the previous close.
Dow Jones Industrial Average (DIA): Closed at $383.22, down 5.42%.
Nasdaq Composite (QQQ): Closed at $422.67, down 6.09%.
This decline marks one of the worst days for the U.S. stock market since March 2020.
Bitcoin Price (BTC):
Meanwhile, Bitcoin demonstrated relative resilience amid stock market turmoil. The current price of Bitcoin is around $82,775, with a daily decline of 0.97%. Nevertheless, some analysts warn of potential risks from bond market volatility that could affect Bitcoin's price stability.
Overall, while the stock market is experiencing significant declines, Bitcoin shows relative stability, although there are still risks that investors need to be aware of.