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Stock impact report

Bitcoin Begins to Decouple From Nasdaq as U.S. Stocks Crumble [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
With the Nasdaq following up its 6% tumble on Thursday with another 5% decline halfway through the day on Friday, the price of bitcoin is holding at around $83,000. That's about 1% higher over the past 24 hours and lower by just 3.5% since President Trump announced his tariff package on Wednesday evening. Bitcoin is also greatly outperforming crypto-related stock like Coinbase (COIN), MicroStrategy (MSTR), Semler Scientific (SMLR) and the miners, all of which are down double-digit percentages over the past two sessions. The broader crypto market is also flashing strength, with the CoinDesk 20 Index climbing higher, led by 4%-5% gains of XRP, Solana's SOL and Cardano's ADA. "Bitcoin has shown impressive resilience," said David Hernandez, crypto investment specialist at digital asset manager 21Shares. "After briefly dipping below $82,000, it rebounded quickly, reinforcing its status as a macro hedge in times of macroeconomic stress." The decoupling — if it persists — could bode Show less Read more
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