BlockBeats News, April 16th, according to CryptoQuant, since the U.S. tariff announcement, Bitcoin has dropped by 16.7%, showing some recovery from its low point of a 26.7% decline. Although the decline has eased compared to the earlier low point, Bitcoin still lags behind most traditional assets:
Gold: +12.9%
Silver: -4.8%
US Dollar Index: -4.8%
S&P 500: -13.8%
Bitcoin: -16.7%
Nasdaq: -17.5%
Despite Bitcoin's significant volatility, its decline currently falls between Nasdaq and oil, indicating some recovery, but it has yet to demonstrate the characteristics of a safe-haven asset.
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