Bitcoin Price Bounces, While Some Crypto Stocks Keep Falling
By Sarina Trangle
Published: April 04, 2025, 02:38 PM EDT
In a volatile week for the cryptocurrency market, Bitcoin prices saw a slight rebound on Friday, recovering after a significant dip triggered by recent tariff announcements from the Trump administration. However, the positive movement in Bitcoin was not mirrored across the broader crypto sector, where several stocks associated with digital currencies suffered losses.
Bitcoin’s Recovery
On Friday, Bitcoin values approached $84,000, marking an uptick from Thursday’s low of just below $81,500. The recovery comes in response to a sharp decline experienced earlier this week. The plunge began on Wednesday when President Donald Trump unveiled a package of unprecedented "reciprocal" tariffs aimed at foreign countries, a move that unsettled investors and reduced their risk appetite across various asset classes, including cryptocurrencies.
Despite Friday’s recovery, Bitcoin remains significantly below the heights it experienced earlier in 2025, particularly in February, when the cryptocurrency traded above $100,000. At that time, many investors were optimistic that Trump’s policies would create a favorable environment for cryptocurrencies, buoying confidence in their future performance.
Continued Struggles for Crypto-Related Stocks
While Bitcoin showed signs of a resurgence, the same could not be said for several crypto-related stocks. Shares of Robinhood Markets (NASDAQ: HOOD), which allows users to trade cryptocurrencies, fell approximately 11% from the previous day. Similarly, shares for Coinbase Global (NASDAQ: COIN), one of the largest cryptocurrency exchange platforms, dropped around 7%, reflecting a broader downturn in the sector’s stock performance.
Crypto mining company Marathon Digital Holdings (NASDAQ: MARA) also reported a minimal decline, with its shares losing about 1%. On a contrasting note, shares of MicroStrategy, now referred to as Strategy (NASDAQ: MSTR), saw an increase of more than 3% on Friday. The company’s strategy of holding Bitcoin as a primary treasury reserve has attracted significant interest from investors.
Market Overview
According to data from CoinMarketCap, the overall cryptocurrency market capitalization currently stands at roughly $2.6 trillion, a noticeable contraction from the $3.7 trillion it commanded in late 2024. This downturn emphasizes the market’s volatility and the impact of external economic factors.
As traders and investors navigate these challenges in the cryptocurrency sphere, the landscape remains fluid, with Bitcoin and other digital assets continuing to react to macroeconomic news and policies from governmental leaders.
About the Author
Sarina Trangle, the author of this report, is an experienced financial journalist who began her career in corporate news reporting in October 2024. Sarina previously spent four years covering the business sector at Newsday, focusing on areas such as the health industry, commercial real estate, and the cannabis sector.
For ongoing updates and insights into the cryptocurrency market, readers can refer to our dedicated sections for news, analysis, and investment advice. If you have a news tip for our reporting team, please contact us at [email protected].
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