The Nasdaq Composite experienced a significant decline, dropping almost 5.5% on Thursday, marking one of its worst single-day losses since 2000. In stark contrast, Bitcoin demonstrated resilience, ending the day up 0.7% and climbing to over $84,000 by Friday, following a low of around $76,000 in mid-March. Analyst Caleb Franzen pointed out Bitcoin's strength relative to the S&P 500, as it maintained support above the 200-day moving average, indicating stability in a risk-off environment. This performance is particularly noteworthy given that the U.S. stock market slump was triggered by President Donald Trump's statements, impacting technology stocks heavily. While the Nasdaq is down approximately 11% year-to-date, Bitcoin has fared slightly better with a 10% decline, showcasing its relative robustness against traditional equities in a challenging market. Overall, Bitcoin's behavior amidst the turmoil highlights its potential as a stabilizing asset during periods of economic uncertainty.

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