Bitcoin Leads US Equity Markets Amid Macro Developments, Yet Stays Resilient: Report

Bitcoin (BTC) is becoming increasingly sensitive to macroeconomic factors. In fact, the digital asset is leading equity markets in the United States in response to President Donald Trump’s latest economic and policy changes.

Despite this heightened sensitivity to macroeconomic developments, BTC has remained resilient, exhibiting structural strength in higher time frames. The cryptocurrency has outperformed U.S. equities like the S&P 500 and stayed above pre-election price levels even amidst broader risk-off events like the latest tariff announcements.

BTC Reacts to Macro Developments

Bitfinex reported that bitcoin is now behaving more like a traditional financial asset that trades based on global liquidity flows, especially in the face of U.S. economic developments and monetary policies. In recent months, inflation metrics and rate policies from the Fed have significantly affected bitcoin’s price movement.

Over the last four days, President Trump’s announcements have triggered increased uncertainty in global markets, leading to a decline in bitcoin’s price. Bitcoin fell below $100,000 and even touched an intraday low of $91,657 on Monday.

“Bitcoin also saw a decline in response to the tariff news, but the sell-off was more pronounced due to Bitcoinʼs nature as a tail-risk asset, which tends to experience sharper declines when market sentiment weakens, even if the SPXBTC correlation is strong,” Bitfinex said.

Long-term Outlook Still Positive

Since bitcoin rallied during President Trump’s inauguration, the cryptocurrency has continued to show a downward trend. BTC formed the double top structure at the  $108,000 level and has been trading in a 15% range since mid-November.

Bitfinex analysts said such 15-20% ranges often resolve in either an upward or downward direction within 80-90 days. This means BTC will experience a decisive price move in the coming weeks, still under the influence of macroeconomic developments.

As the financial markets process the implications of the tariff hikes, Bitfinex believes BTC faces further downside unless legacy assets recover. Even if legacy markets do not see significant recovery, analysts are confident in bitcoin’s long-term trajectory, which they have described as compelling.

“In conclusion, while Bitcoinʼs short-term volatility may continue in response to macroeconomic influences, its long-term outlook remains positive,” Bitfinex analysts added.