- For the past month, Bitcoin shot up by 10% thus outperforming gold and S&P 500 as the asset movements shifted due to volatility in the market.
- Year to date it was trading 4% higher, better than S&P 500 which was down by nearly 3% for the same time this year.
- Bitcoin’s ability to rebound after its “Liberation Day” in late April signals that the demand for these coins may be rising faster than that for conventional markets.
Bitcoin performed better than both gold and the S&P 500 last month, demonstrating resilience in the face of global financial market losses and volatility.
Bitcoin Leads April Asset Performance
As per a Cointelegraph tweet, Bitcoin surpassed legacy assets like gold and the S&P 500 during the volatile April trading period. Market data indicate that Bitcoin has grown in excess of 4% year-to-date, whereas the S&P 500 fell by about 3%. Bitcoin has gone up 12% from April 2, versus flat returns from the S&P 500.
The broader market downturn affected major asset classes early in April. Stocks, bonds, and the U.S. dollar experienced pressure, and Bitcoin also saw initial losses. However, it rebounded sharply mid-month. CryptoRank.io data showed Bitcoin overtook gold around April 22, eventually posting a 10% monthly peak gain, exceeding gold’s 9% rise.
This performance divergence came despite Bitcoin typically mirroring equity movements. In this case, the digital asset pulled ahead, showing stronger momentum than both gold and equities.
Trump’s Pro-Crypto Stance and Market Response
The market’s reaction came during a politically charged backdrop. President Donald Trump had pledged to position the U.S. as the global leader in cryptocurrency. His comments included the creation of a strategic national reserve of digital coins, reinforcing the political tailwind for Bitcoin.
Analysts attribute Bitcoin’s April rally more to economic conditions than political influence. Trump’s tariff measures created pressure on equities, which helped digital assets gain favor as an alternative investment route.
From the last trading day before Trump’s inauguration, the S&P 500 still outperforms Bitcoin. However, more recent periods—including since “Liberation Day” on April 2—have favored Bitcoin.
Bitcoin’s Role in Diversified Portfolios Strengthens
CryptoRank’s comparative chart shows that while all three assets—Bitcoin, gold, and the S&P 500—fell early in April, Bitcoin recovered fastest. Its performance trajectory suggests growing investor confidence in using Bitcoin as a diversification tool.
With gold acting as a safe haven and stocks struggling to recover, Bitcoin’s strength pointed to changing investor priorities during volatile times.
