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Bitcoin Rises Slightly as Stock Market Tumbles
Bitcoin held steady after China retaliated against President Donald Trump's tariffs, while stocks continued to decline after their worst day since 2020.
The cryptocurrency last rose 1.7% to $83,396.89 on Friday, according to Coin Metrics.
Most major cryptocurrencies also performed well on Friday.
XRP and Solana rose 4.22% each, while Dogecoin jumped 6%.
However, cryptocurrency stocks fell again, with Coinbase down about 8% and MicroStrategy down more than 1%.
Meanwhile, spot gold fell 2.6% to $3,038.50 per ounce, while U.S. gold futures fell 2.9% to $3,020.79.
Investors were on edge for a second day after China's Ministry of Commerce announced Friday that the country would impose a 34% tax on all US products, matching the tariffs Trump announced Wednesday on Chinese goods entering the United States.
