On April 4, 2025, Coinbase's stock dropped over 10% during trading, reaching a seven-month low as U.S. equities reacted negatively to President Trump's latest tariff announcements. By writing, shares were down 6.38% from market open, significantly lower than their 52-week high of $349.75. Bitcoin miners also faced heavy losses, with notable declines from Riot Platforms and BitDeer, while major companies holding Bitcoin, such as Tesla and MicroStrategy, also saw their stocks dip amid the downturn. Despite these losses, Bitcoin managed to rise slightly, reaching just below $83,000 after earlier fluctuations. Cryptocurrency correlations with traditional stocks are diminishing, though Bitcoin still exhibits volatility similar to tech stocks, influenced by macroeconomic factors. Recent market sentiment indicates a potential recovery, even as Bitcoin remains below its all-time high of over $109,000 from December 2024.

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