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Benzinga

Benzinga

Business

Business & Economics

Why does Bitcoin trade like the U.S. stock market? Reddit users weigh in

Benzinga
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Bitcoin and crypto stocks took a dive following President Donald Trump 's new round of tariffs on Wednesday .

Bitcoin had been hovering near $ 88,000 before Trump ’s announcement, it slipped below $ 83,000 .

While Bitcoin has shown some resilience compared to stocks, it's still moving in the same direction when fear hits.

Some users defended Bitcoin 's original intent: a decentralized hedge against economic chaos.

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