The U.S. dollar index (DXY) has dipped below 100, while gold has soared to unprecedented highs due to rising tariffs that are intensifying global economic uncertainty. As a result, asset prices have suffered, particularly within the technology sector and cryptocurrencies.
Since its record peak of $109,000 in January, bitcoin (BTC) has experienced a downturn of roughly 26%. In comparison to the performance of the “Magnificent Seven” tech stocks, bitcoin’s decline is notably in the middle range, indicating its evolving maturity as an asset class.
Among the tech stocks, Tesla (TSLA) is currently the poorest performer, down nearly 50% from its high. Following closely is NVIDIA (NVDA) with a 31% decrease. Apple (AAPL), Bitcoin, Meta (META), Google (GOOG), and Amazon (AMZN) have each seen a decline of around 26%, while Microsoft (MSFT) displays a relatively moderate drop of 18%.
A comparison of bitcoin’s strength during the current three-month correction reveals its growth over time. This situation echoes a similar period in its 2021 decline, where it plummeted 45% from $69,000 to $38,000 between November 2021 and February 2022. At that time, bitcoin was the least performing asset among major tech stocks, with Tesla also facing substantial losses.
This analysis highlights the increased resilience of bitcoin as its market cycles develop, showcasing its gradual maturation as an asset.
