Bitcoin’s Recovery: Analyzing Its 16.7% Decline Amid U.S. Tariff Impact

As reported on April 16th by COINOTAG News, data from CryptoQuant indicates that Bitcoin has experienced a notable decline of 16.7% following the recent tariff announcement in the U.S. However, the cryptocurrency is showing signs of recovery from a more substantial drop of 26.7% earlier. Despite this rebound, Bitcoin’s performance remains unfavorable when compared to traditional investment assets. For context, Gold has recorded a gain of 12.9%, while Silver and the US Dollar Index both face declines of 4.8%. Additionally, the S&P 500 and Nasdaq have seen declines of 13.8% and 17.5%, respectively. Although Bitcoin’s volatility remains significant, it positions itself between the Nasdaq and oil in terms of decline, yet it has not yet solidified its reputation as a safe-haven asset.