Bitcoin Shows 'Signs of Resilience' Outpacing Stocks and Gold

Bitcoin is showing 'signs of resilience' even amid a decline in stocks and the broader cryptocurrency market in the wake of a global sell-off after U.S. President Donald Trump imposed large tariffs on imports from the United States last week, according to Binance Research.

As of midday on April 7, Bitcoin had risen nearly 1 percent to $79,000. At the same time, the S&P 500 index, reflecting the state of major U.S. stocks, remained virtually unchanged, while nearby gold futures fell by about 1.5%, according to Google Finance. Notably, the number of Bitcoins held by long-term holders continues to grow, 'reflecting conviction and limited capitulation during the recent volatility,' Binance reports.