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U.S. Markets Plunge Amid Tariff Turmoil; Bitcoin Surges Past $93K

Published on
23 Apr, 2025 | 18:37
Image: AI-generated for bitcoin24.com

On April 23, 2025, U.S. stock markets suffered a sharp decline, with the Dow Jones Industrial Average falling over 2,200 points—its worst two-day performance since the COVID crash in 2020. The selloff was triggered by President Trump’s announcement of new tariffs on Chinese imports, intensifying trade tensions and spooking investors.
👉 Background on the 2025 stock market crash (Wikipedia)

In stark contrast, Bitcoin surged past $93,000, as capital rotated out of equities and into alternative assets. Analysts point to Bitcoin’s growing appeal as a hedge against political and economic uncertainty.
👉 Read analysis on Finance Magnates

The price rally reinforces Bitcoin’s role as a safe-haven asset, particularly in times of market stress—continuing a trend observed during previous geopolitical shocks and inflationary cycles.

Live Bitcoin price illustration with upward chart and Bitcoin logo – bitcoin24.com
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Source: CoinGecko