Bitcoin appears to be carving its own path recently, moving independently of US stocks. This week, we found that Bitcoin held tightly and gained value during US trading hours, and the broader stock market fell overall.
This will allow the analyst to compare Bitcoin to gold. This is an asset that has already hit multiple record highs in 2025. MarketWatchers will closely track Bitcoin if it adheres to Gold’s recent passes as BTC approaches its main support level.
How did Bitcoin respond differently this week?
The divergence was particularly clear on April 16th. Bitcoin has moved differently from its major stock indexes, challenging the links of tech stocks. The Nasdaq 100 exceeded 3%, while BlackRock’s Bitcoin Trust (IBIT) won 0.46% during US market hours.
That same day, “The Magnificent Seven” high-tech stock closed low. However, MicroStrategy (MSTR) heavily tied to Bitcoin has increased by 0.30%. Bitcoin and the Nasdaq were first soaked during the Fed Chair’s Powell’s speech. But Bitcoin quickly bouncing above $84,000 as stocks continued to slip lower.
Following the Bitcoin rebound, Powell clearly states that the Fed will not support the market during the sale. The uneasy stock investor seemed barely surprised by the news.
Related: Trump’s Tariff Gambit: Does “liberation day” for us cause a surge in gold and a bitcoin rebound?
Is Bitcoin starting to act like gold?
Crypto Trader Cryptollica points out that Bitcoin’s recent action is similar to gold, and has already hit a record high of 12 this year. Bitcoin is 9.3% YTD, but analysts have developed a similar chart pattern. Cryptollica believes that Bitcoin may be positioned for its own breakout.
Bitcoin tracks after gold
– cryptollica⚡️ (@cryptolica) April 16, 2025
Related: “Looking at this makes the game easier”: Bitcoin Bull Run analyst
Adding support, GlassNode data shows that Bitcoin and gold hold well against economic headwinds such as inflation and tariff uncertainty. Both retain important support suggests that they will increase investors’ trust as trustworthy and valuable stores.
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