Equities Soar as Bitcoin Slips to $78K — Crypto Misses the Party

Bitcoin Pulls Back to $78K as Global Stocks Rebound Sharply

As global equities rebound from a tariff-induced tailspin, Bitcoin is once again out of sync — sliding lower while stocks surge.

Despite fears of a broader meltdown, dubbed “Black Monday 2.0,” U.S. markets are seeing a strong recovery on Tuesday. The Nasdaq is up 3%, and the S&P 500 is not far behind, buoyed by renewed optimism on the geopolitical front. Meanwhile, Bitcoin (BTC) — which briefly climbed back above $80,000 — has dipped to just over $78,000, nearing weekend lows in the $75K range.

Fueling the equity comeback: President Trump hinted at a breakthrough with South Korea, and Treasury Secretary Scott Bessent struck a positive note on U.S.-China trade talks. The bounce is mirrored globally, with Europe up 3% and Japan’s Nikkei gaining 6%.

So why is crypto lagging?

While it may look like a fresh divergence, the short-term performance paints a similar picture — Bitcoin is down about 9% since last Wednesday’s tariff shock, nearly mirroring the Nasdaq’s 8% drop over the same span.

In a broader context, BTC remains in the lead. Even after a near-30% pullback from its all-time high in January, Bitcoin is still up 14% since last November’s election, while the Nasdaq has lost ground, down nearly 10%.

The short-term pain is real — but long-term, Bitcoin still holds the upper hand.