Bitcoin showed signs of resilience on Apr. 4, climbing 2.2% to reach US$84,000, according to data from The Block.

This recovery came after an initial pullback that hit bitcoin mining stocks, some dropping as much as 15%, and triggered US$100 million in net outflows from spot bitcoin ETFs.

Major altcoins like ethereum, XRP, solana, and dogecoin also faced steep losses before posting modest gains.

The rebound came as traditional financial markets plunged following US President Donald Trump’s announcement of global tariffs. The Dow, Nasdaq, and S&P 500 logged their worst performances since 2020.

Analysts credit bitcoin’s strength to its evolving market structure, with increased demand from retirement accounts, macro funds, and corporate treasuries.

While institutional investors remain cautious due to regulatory uncertainty, retail traders and hedge funds continue to lead the market.

Experts warn that the tariffs and economic uncertainty could delay IPO plans for crypto firms.