The post Bitcoin’s Performance Plummets Amid The Tariff Announcement: Down 16.7% appeared on BitcoinEthereumNews.com.

The Bitcoin market value has decreased by 16.7 percent to reach $83,752.59 amid the tariff saga. Global financial markets experienced increased volatility after the recent tariff announcement, while BTC, the leading cryptocurrency in the world, decreased substantially.  It has received a minor bounce back from its past lowest point of -26.7%, yet continues to stay behind conventional investment options, which raises questions regarding its position when economic conditions threaten financial markets. Since the tariff announcement, Bitcoin is down -16.7%, gaining since its -26.7% low. Though the drop is less severe than earlier lows, BTC still trails behind most traditional assets. ✨ Gold: +12.9%🥈 Silver: -4.8%💵 US Dollar Index: -4.8%📊 S&P500: -13.8%🟠 Bitcoin:… pic.twitter.com/CSs2S70GFg — CryptoQuant.com (@cryptoquant_com) April 16, 2025 Comparing Bitcoin to Traditional Assets The performance of Bitcoin becomes more evident through its comparison with significant market assets, which show: The gold price has surged 12.9% to $3,315.95, thus demonstrating its enduring position as a secure investment asset. The value of Silver has dropped by 4.8%, but this decline shows less impact than Bitcoin experienced. The US Dollar Index, along with silver, experienced identical value drops amounting to 4.8 percent. The S&P 500 index recorded a decline of 13.8% as the entire equity market sector demonstrated adverse trends. Nasdaq: Down 17.5%, slightly worse than Bitcoin. BTC currently stands a 16.7% below previous values and exists between the Nasdaq and crude oil in terms of depreciation. Market chaos drives investors toward gold because of its rising value, and BTC’s significant decrease matches risky market movements like the Nasdaq instead of traditional safe-haven investments. Bitcoin’s Role: Safe Haven or Risk Asset? BTC recovered somewhat from its lowest value point, according to its 16.7% price drop during this period. Even during economic uncertainty, the asset fails to demonstrate tendencies of safe-haven behavior that…

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Filed under: News - @ April 16, 2025 6:22 pm