Bitcoin stability amid trade tensions and stock market decline.
April 5, 2025146 VisitasTiempo de lectura: 2 minutos
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In the midst of escalating trade tensions between China and the United States, Bitcoin maintained its stability, while stocks continued their sharp decline after their worst session since 2020. Bitcoin price rose by 1.7% to $83,396.89 by the end of trading on Friday, April 4th, according to Coin Metrics data. Most major digital currencies saw positive performance, with XRP and Solana rising by 4.22% each, and Dogecoin jumping by around 6%. On the other hand, cryptocurrency company stocks declined, with Coinbase losing about 8%, and MicroStrategy dropping by over 1%. Gold prices also shrank, with the spot price per ounce falling by 2.6% to $3,038.50, while gold futures in the U.S. market decreased by 2.9% to $3,020.79. This mixed performance in the markets comes as investors continue to worry due to the mutual trade actions between Washington and Beijing. China announced a 34% tariff on U.S. imports in response to similar measures declared by U.S. President Donald Trump last Wednesday. In this regard, James Davis, CEO of Crypto Valley Exchange, commented: "These tariffs lead to increased costs for American construction companies, which could raise inflation and material prices, potentially shifting capital and investments towards Asia." Davis added: "These measures reshape the global trade map away from the United States, reducing reliance on the dollar and affecting financing rates. However, cryptocurrencies remain resilient due to their decentralized nature, benefiting from these shifts, even if their impact on U.S. crypto companies is not yet clear."