Bitcoin has demonstrated resilience in the face of market turmoil, with its price hovering above $80,000 amidst escalating trade tensions between the U.S. and China. After a fluctuation in price on Friday, Bitcoin was trading slightly above $83,000, with a 1% daily increase. Meanwhile, major altcoins like XRP and Solana also saw gains. The tension stems from China's announcement of a 34% tariff on U.S. products, in retaliation to President Trump’s tariffs, significantly impacting market sentiment. Following the announcements, the S&P 500 struggled, reflecting broader concerns over the economic environment and potential headwinds in earnings due to the ongoing trade war. In contrast, Bitcoin’s performance has been noted by analysts, highlighting its impressive stability even as the tech-heavy Nasdaq teeters on the brink of a bear market, down approximately 20% from its record high. Analysts suggest that while Bitcoin is not entirely immune to economic shifts, it continues to hold its own amid significant market volatility and challenges posed by government policies.

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