Crypto Stays Steady While Stocks Stumble on Trump's Tariff, Says NYDIG Analyst

According to an April 11 note from Greg Cipolaro, head of research at New York Digital Investment Group (NYDIG), even though global markets saw major sell-offs, crypto prices stayed mostly stable.

He pointed out that it is common for digital assets to drop during risk-off periods, but that has not happened yet.

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Bitcoin's BTC $107,626.77 price did fall, but it held up better than many other financial assets. Cipolaro also noted that the level of price swings for Bitcoin has not reached the highs seen in stocks or bonds, even during a time of economic tension.

He also mentioned that Tether USDT $0.9943 , a stablecoin tied to the US dollar, dipped slightly below its $1 peg but did not see any major disruption.

Futures tied to crypto assets stayed relatively balanced. Cipolaro mentioned that while there were some forced sell-offs after the April 2 tariff announcement, they added up to around $480 million.

Furthermore, Cipolaro explained that funds using risk-based strategies might see Bitcoin as a better fit since its price swings have become more in line with traditional assets.

Meanwhile, the World Food Program USA, a nonprofit closely connected to the UN World Food Programme, has begun accepting donations in over 80 cryptocurrencies. Why? Read the full story.