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Stock impact report

Crypto Outperforms Nasdaq as BTC Becomes 'U.S. Isolation Hedge' Amid $5T Equities Carnage [Yahoo! Finance]

Core Scientific, Inc. (CORZ) 
Company Research Source: Yahoo! Finance
dropped to its lowest level in 11 months and the Nasdaq 100 entered bear market territory. Yet, amidst the chaos, cryptocurrency prices are showing resiliency, with bitcoin ( BTC ) dropping roughly 6% since the tariffs were unveiled, compared to the Nasdaq's 11% drop. The broader crypto market, as measured by the CoinDesk 20 ( CD20 ) index, dropped by roughly 4.9% over the same period. To put the sell-off figures into perspective, the total crypto market cap is around $2.65 trillion, according to data from TheTie . In the last 24-hour period, bitcoin dropped 0.3% to $82,619.77, while the broader CD20 went up by roughly 0.2%. At the market close on Friday, most crypto-related stocks fell as well, but some actually moved up. Bitcoin miner MARA Holdings (MARA) rose 0.6%, while Core Scientific (CORZ) saw a 0.4% upward move. Strategy (MSTR), the largest corporate holder of bitcoin with 528,185 BTC on its balance sheet, rose 4%. It significantly outperformed the Nasdaq on Friday, whic Show less Read more
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