Bitcoin (BTC) Outperformed Equities During Turbulent April, Offering a Glimpse of Its Macro Hedge Potential

According to VanEck's April 2025 Digital Assets Monthly recap, Bitcoin (BTC) outperformed equities during a turbulent month, offering a glimpse of its potential as a macro hedge.

Bitcoin (BTC) outperformed equities during a turbulent April, offering a glimpse of its potential as a macro hedge.

However, the asset’s quick return to correlated behavior suggests it’s not yet ready to stand fully apart from risk markets.

Bitcoin briefly broke free from traditional markets like stocks and equities.

But the asset’s newfound independence may have been short-lived.

“Bitcoin showed signs of decoupling from equities during the week ending April 6,” VanEck Head of Digital Assets Research Matthew Sigel wrote.

This period coincided with US President Donald Trump’s announcement of sweeping tariff measures, which triggered a global market selloff.

While the S&P 500 and gold slumped, Bitcoin rose from $81,500 to over $84,500, signaling a possible shift in investor perception.

Still, the momentum did not last. As the month progressed, Bitcoin’s price action re-synced with equities.

Pointing to data from Artemis XYZ, the firm noted that the 30-day BTC-S&P 500 correlation fell below 0.25 in early April but bounced back to 0.55 by month’s