The U.S. dollar index (DXY) has dipped below 100, while gold prices have skyrocketed to unprecedented heights, driven by rising tariffs that are amplifying global economic tensions. As a result, various asset prices have been negatively impacted, particularly in the technology sector and among cryptocurrencies.
Since hitting an all-time peak of $109,000 in January, bitcoin (BTC) has experienced a decline of roughly 26%. Relative to the notable “Magnificent Seven” tech stocks, bitcoin’s downturn is positioned in the middle, indicating its increasing maturity as a financial asset.
Currently, Tesla (TSLA) is underperforming the most, with a drop of nearly 50% from its highest point. Following that is NVIDIA (NVDA), down by 31%. Apple (AAPL), Bitcoin, Meta (META), Google (GOOG), and Amazon (AMZN) have all seen decreases of around 26%, while Microsoft (MSFT) has a comparatively smaller reduction of 18%.
To emphasize bitcoin’s resilience during this ongoing three-month correction, one can compare it to a similar phase during its downturn in 2021, from November 2021 to February 2022, wherein it fell by 45% from $69,000 to $38,000. During that period, bitcoin was the weakest performer among the major tech stocks, although Tesla also faced considerable challenges.
This comparison highlights bitcoin’s increasing resilience as it matures through its market cycles.