Bitcoin Remains Resilient Above $82,000 Amid Stock Market Turmoil

Bitcoin is showing strength, trading above $82,000 on Friday, even as stock markets face significant declines. The Nasdaq plummeted, but Bitcoin has increased over the last 24 hours. This performance contrasts sharply with crypto-related stocks like Coinbase and MicroStrategy, which have experienced substantial drops. Some analysts suggest Bitcoin's resilience reinforces its role as a macro hedge during times of economic stress. Standard Chartered Bank has noted Bitcoin's potential as a hedge during market panic, while Fundstrat has suggested corporate treasury buying may also contribute to Bitcoin's strength. Geoffrey Kendrick, global head of digital assets research at Standard Chartered, believes Bitcoin's resilience could lead it back to $88,500 soon, even as traditional financial markets struggle. He suggests viewing Bitcoin as a "U.S. isolation" hedge, potentially gaining value when the U.S. faces economic isolation, such as through tariff implementations.