Again, Bitcoin is trading like a tech stock. After Trump’s new tariffs rattled global markets, $BTC dropped 5.5% alongside the Nasdaq’s 5.9% slide. It’s not the first time Bitcoin has reacted this way. So, of course, the question is: why is BTC acting like tech stocks?
Barstool Sports founder Dave Portnoy asked what many traders think: “If Bitcoin is supposed to be independent of the dollar, why does it move with the stock market?” It’s a fair point. Bitcoin was designed to be outside traditional finance. But now, it’s behaving more like a risk asset.
The answer lies in the changing nature of who holds Bitcoin. Spot Bitcoin ETFs opened the floodgates for institutional capital in early 2024. Hedge funds and asset managers now treat Bitcoin like any other high-risk growth asset, similar to tech stocks. That means its price moves with interest rate expectations, inflation prints, and Fed policy.
This doesn’t mean Bitcoin’s core fundamentals are gone. It’s still decentralized, scarce, and programmable. But for now, the market is driven by macro sentiment and large capital flows. The short-term volatility reflects that.
Despite this, many analysts believe Bitcoin will soon break from this correlation.
Analysts Believe $200K Still in Play For BTC, Even After the Drop
Bitwise’s Head of Research Ryan Rasmussen still sees BTC hitting $200,000 this cycle. His team hasn’t changed their outlook. Even with Trump’s tariff news dragging prices down, the long-term thesis remains strong.
Global banking giant Standard Chartered just published 5yr price targets for Bitcoin, Ethereum, and Avalanche:
Bitcoin (BTC): $500,000
Ethereum (ETH): $7,500
Avalanche (AVAX): $250 pic.twitter.com/aKf9Zm8JjS— Ryan Rasmussen (@RasterlyRock) April 2, 2025
Rasmussen says the market has “stored good news like dry powder,” just waiting for a window to rally. He points to a string of bullish developments: the White House’s Bitcoin reserve, positive regulatory shifts, and growing interest from sovereign wealth funds.
Bitcoin may be down for now, but the big picture looks different. Since November 2024, it’s still outperformed gold, the S&P 500, and the Nasdaq. According to Rasmussen, Bitcoin “should already be at $150K” if tariffs hadn’t spooked investors.
Some experts still believe Trump’s tariffs are used as a temporary tool. If the administration gets concessions, markets could recover fast. In that case, Bitcoin could lead to a rebound.
Bitcoin’s current price action reflects uncertainty, not weakness. As volatility fades and policy shifts settle, Bitcoin has room to decouple from tech stocks. And when it does, $200K is the next logical move.
BTC Bull Presale Gains Strength as Bitcoin Eyes $200K Trump’s Tariffs
Bitcoin may be reacting to Trump’s tariffs and broader market volatility, but its long-term thesis remains strong. Even in uncertain conditions, many investors still see Bitcoin as one of the most profitable assets this cycle. That’s exactly where BTC Bull fits in, offering a way to earn BTC while holding a meme coin with real mechanics behind it.
BTC Bull’s presale could be one of the best altcoins to buy right now. The reason? BTC Bull allows investors to earn Bitcoin airdrops, benefit from token burns, and earn staking rewards. All while betting on Bitcoin’s next big move.
BTC Bull triggers Bitcoin airdrops at key price milestones, such as $150K and $200K. To qualify, investors must hold $BTCBULL. If Bitcoin hits $250K, early buyers get an extra 10% of the total supply.
The presale has already raised over $4.3 million, with tokens currently priced at $0.002445. Investors can buy using crypto, credit card, or directly via the Best Wallet app. More than 1.1 billion $BTCBULL are already locked in staking, which offers up to 95% APY.
BTC Bull’s economic model includes a 21 billion token cap, with clear allocations for liquidity, burns, staking, and marketing. It also passed independent audits by Coinsult and SolidProof, giving it a level of transparency rare in meme coin launches.
Even as markets pull back, BTC Bull is gaining ground. It offers exposure to Bitcoin’s upside—without the need to buy a full BTC. That’s why many investors are turning to it during this volatile phase.
EXPLORE: Will Crypto Go Back Up Again? Solana ETF Will Save SOL Price – Here’s Why
Key Takeaways
- BTC dropped 5.5% after Trump’s tariffs but still outperformed stocks and gold over the past few months.
- Institutional adoption has made BTC trade more like a tech stock, reacting to interest rates, inflation, and Fed policy.
- Analysts from Bitwise and Standard Chartered maintain a $200K price target for Bitcoin in 2025.
- BTC Bull offers Bitcoin airdrops, staking rewards, and token burns—drawing investor interest even during market uncertainty.
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
