Bitcoin and the Economy: A Snapshot

As of April 8, 2025, Bitcoin’s role in the global economy is under intense questioning.

Shaped by macroeconomic shocks, policy pivots, and market dynamics. Trading at US$78,900 per coin this morning, Bitcoin is navigating a storm of US tariffs, inflation pressures, and a whipsawing dollar, all while challenging traditional assets like gold and equities for investor attention. Despite all of this, Bitcoin is holding up remarkably well. We discuss.

Bitcoin’s price sits at US$78,900, down 5% from yesterday’s $83,000 close, reflecting a 48-hour sell-off that shaved US$1.3 trillion off crypto markets. President Trump’s tariff bomb caused a cascade of selling, tanking equities markets by trillions since last week. Bitcoin’s drop, though steep, has not been as aggressive as some thought, hinting at a fraying correlation with tech stocks.

Bitcoin vs. the World

Gold is currently sitting at US$2,981. Silver at $30.07. Bitcoin, meanwhile, shed 7% overnight in Asia, per Bloomberg, as tariff fallout hit crypto. Yet, its US$1.66 trillion market cap dwarfs’ silvers US$1 trillion, and buzz pegs it as “digital gold” for a tariff-rattled world.

Bitcoin has a long road ahead to win over the sceptics, and at US$78,900 on April 8, 2025, it’s still got plenty to prove. While tariffs and a wild economy have slashed US$1.3 trillion from crypto markets and sent equities into a tailspin, Bitcoin’s holding its ground better than expected, shrugging off a 5% dip that’s milder than the Nasdaq’s nosedive.