Bitcoin Holds Strong Despite Nasdaq’s 1,000-Point Plunge
Amid a sharp sell-off in U.S. equities, Bitcoin (BTC) has proven to be surprisingly resilient On Thursday...
Amid a sharp sell-off in U.S. equities, Bitcoin (BTC) has proven to be surprisingly resilient.
On Thursday, the Nasdaq tumbled 1,000 points (6%), and the S&P 500 lost 5%, both hit hard by rising trade tensions following the April 2 tariff announcement. Yet, Bitcoin dipped only 1% to $82,698, showing it’s increasingly viewed as an asset with a mind of its own.
This contrast is fueling the narrative that Bitcoin may be decoupling from traditional markets, especially in periods of macro uncertainty. With volatility still elevated, investor focus is now shifting toward the Federal Reserve’s next policy move, which could shape the crypto market’s direction in the coming weeks.
BTC Recovers from Tariff Shock, But Eyes Resistance at $90K
Bitcoin spent the past week bouncing between $82,000 and $89,000, reacting sharply to the latest geopolitical developments. The steep drop from $88,000 to $82,000 following Trump’s tariff rollout rattled short-term traders—but BTC has since stabilized, holding key support levels.
According to crypto analyst Ali Martinez, the next big milestone is the short-term holder realized price, currently sitting at $90,570. A clean break above that level could trigger a bullish breakout, reigniting long-term momentum.
Technical Snapshot:
Support zone: $82,000–$81,200
Resistance: $90,570 (short-term holder realized price)
Volatility remains high amid macro headwinds
Fed Policy in Focus: May Rate Cut Odds Slim
The Federal Reserve’s next FOMC meeting on May 7 is now in sharp focus. According to market pricing, there’s just a 27.1% chance of a 25bps rate cut, reflecting continued caution from policymakers.
Fed Chair Jerome Powell has repeatedly said that inflation must cool further before any easing occurs. However, analysts like Titan of Crypto argue that the CPI and Core PCE data are trending lower—potentially giving the Fed room to act later in the year.
Key FOMC Insights:
27.1% probability of a May rate cut
Fed remains data-dependent
Policy easing later in 2025 could boost Bitcoin and altcoins
Could Altcoins Be Poised for a Rebound?
Altcoins have had a rough ride in early 2025. Ethereum (ETH) and Solana (SOL) are down 30–40% since January, weighed down by broader risk aversion and tightening liquidity. But some market watchers believe the worst may be behind us.
Crypto strategist Wimar.X points to a technical crossover—seen in past market cycles before massive altcoin rallies. Historical data shows that previous signals of this kind have preceded 1,000%+ gains across the altcoin space.
Altcoin Outlook:
ETH & SOL still down sharply year-to-date
Technicals hint at possible trend reversal
A confirmed breakout could spark a broad recovery
Final Thoughts: Bitcoin’s Resilience Offers Hope
As markets grapple with tariff fallout and macro uncertainty, Bitcoin’s muted reaction to a steep equity sell-off may be a sign of maturing market behavior. While the path forward depends heavily on Fed policy and global economic trends, crypto markets are showing early signs of stabilization.
Should Bitcoin reclaim $90,570—and if altcoins confirm a broader breakout—the next leg of the bull cycle could be closer than many think.
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