Crypto Rallies $60B as TradFi Bleeds $1.5 Trillion in Black Thursday Repeat

Digital assets defy Wall Street meltdown—Bitcoin eats the dip while hedge funds panic-sell. Another day, another ’uncorrelated asset’ flex. (Bonus jab: Meanwhile, your financial advisor still thinks blockchain is a type of ski binding.)

In Brief

• All major US stock indices closed sharply lower, with losses exceeding 2%.
• Crypto market capitalization rose from 2.67 to 2.73 trillion dollars in one day.
• Gold set a new record by surpassing $3,500 an ounce.

The crypto market explodes while Wall Street collapses into the red

On Easter Monday, all major US stock indices finished in the red. The S&P 500 fell by 2.38%, dropping below the 5,200-point mark, while the Nasdaq 100 lost 2.46%. 

The Dow Jones was not spared, with a decline of 2.48%, wiping out nearly 1,000 points to close at 38,170 points.

This stock market rout is mainly explained by macroeconomic uncertainties and escalating trade tensions. Despite the announcement of a reciprocal tariff pause, the Trump administration has yet to finalize the results of its negotiations with various countries. 

Japan has already signaled limits to its concessions, while China is intensifying pressure through various measures.

Large American companies, heavily dependent on global supply chains, have particularly suffered from this situation. 

The administration’s unpredictable approach to monetary policy and the president’s criticisms of Jerome Powell have also shaken confidence in the US dollar.

The rise of alternative safe-haven assets

Unlike the stock markets, the crypto ecosystem showed remarkable performance. The total market capitalization of digital assets increased by 60 billion dollars, reaching 2.73 trillion dollars according to data from TradingView on April 22.

Bitcoin, in particular, broke with its recent trend which saw it plunge to $75,000. The world’s leading cryptocurrency gained 1.16% over 24 hours to reach $88,524. 

This performance is accompanied by renewed institutional interest, with American Bitcoin ETFs registering their best day since January with $381.3 million in inflows.

Gold, the traditional SAFE haven, also shone by successively crossing the historic thresholds of $3,400 and then $3,500, confirming investors’ growing attraction to alternative assets amid traditional market turmoil.

April 21 marks a true turning point for the crypto ecosystem: faced with economic shocks, bitcoin is establishing itself as a safe haven. The massive accumulation by “whales” strengthens this bullish momentum, with more than 60 new addresses holding 1,000 BTC or more. A strong signal in an increasingly uncertain global climate.

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