The US dollar index (DXY) has fallen below 100, and gold has risen to new high times as escalating tariffs have increased global economic uncertainty. Therefore, asset prices have taken a hit – especially in the technology sector and cryptocurrencies.
Since when it reached its height of $ 109,000 in January, Bitcoin (BTC) has fallen approx. 26%. Compared to the “magnificent seven” tech shares, Bitcoin’s Drawdown sits right in the middle and signalizes its growing maturity as an asset.
Tesla (TSLA) is currently the worst artist down almost 50% from its peak. Nvidia (NVDA) comes with a decrease of 31%. Apple (AAPL), Bitcoin, Meta (Meta), Google (GOOG) and Amazon (Amzn) have all fallen around 26%, while Microsoft (MSFT) stands out with a relatively modest 18% step -down.
To highlight Bitcoin’s resilience in this current 3-month correction is to compare it to a similar period during its downturn from 2021-from November 2021 to February 2022-when it dropped 45% from $ 69,000 to $ 38,000. At that time, Bitcoin was the worst artist among the big technology names, although Tesla also suffered significantly.
This comparison emphasizes how Bitcoin has become more elastic over time as its market cycles progress and the asset continues to mature.