The recent decline in the price of Bitcoin illustrates that this phenomenon is not just a technological manipulation of leverage.
James Van Straten | Edited by Parikshit Mishra Updated April 11, 2025, 1:21 pm Published April 11, 2025, 7:55 am
The US dollar index (DXY) fell below 100 and gold hit new all-time highs as rising tariffs added to global economic uncertainty. This led to a decline in asset prices, particularly in the tech sector and cryptocurrencies.
Since hitting an all-time high of $109,000 in January, Bitcoin (BTC) has fallen about 26%. Compared to the Magnificent Seven tech stocks, Bitcoin’s decline is about average, indicating its growing maturity as an asset.
Tesla (TSLA) is currently the worst performer, down nearly 50% from its peak. NVIDIA (NVDA) is following close behind with a 31% drop. Apple (AAPL), Bitcoin, Meta (META), Google (GOOG), and Amazon (AMZN) are down about 26%, while Microsoft (MSFT) stands out with a relatively small 18% decline.
To highlight Bitcoin’s resilience in the current three-month correction, it’s worth making a comparison to the same period of decline in 2021 – from November 2021 to February 2022, when it fell 45% from $69,000 to $38,000. Bitcoin was the worst performer among major tech companies during that time, although Tesla was also hit hard.
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