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Nasdaq drops 1% and the S&P 500 0.6%, but Bitcoin near $75k and Ethereum around $2.3k show crypto holding up better than U.S. tech \u2014 at least intraday.<\/p>\n
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U.S. equities opened the week on the back foot, with Gate\u2019s TradFi desk reporting that the Nasdaq fell roughly 1%, the S&P 500 dropped<\/a> nearly 0.6% and the Dow Jones Industrial Average slid about 0.27%, adding another red session to a bruising April for risk assets.<\/p>\n The move comes on top of a first\u2011quarter backdrop in which the Nasdaq was already down 7.1% year\u2011to\u2011date, the S&P 500 off 4.6% and the Dow lower by 3.6%, according to a recent Gate recap that blamed \u201cgeopolitical and energy\u2011driven headwinds\u201d for the worst quarter in a year.<\/a><\/p>\n Yet by 9 a.m. EST on April 20, the two largest cryptocurrencies were showing more resilience than U.S. tech benchmarks, with Bitcoin changing hands at about $75,324.58 and Ethereum at $2,317.80, both modestly higher than their early\u2011morning prints despite the equity wobble.<\/p>\n Data compiled by Yahoo Finance shows Bitcoin opened Monday at $73,820.11, down 2.5% from Sunday\u2019s $75,723.69, before rebounding above $75,240 by 7:35 a.m. EST, a swing that left BTC up roughly 1.9% off the lows even as futures pointed to a weaker Nasdaq open.<\/a><\/p>\n Ethereum followed a similar pattern, starting the day at $2,263.49 \u2014 3.7% below its Sunday level \u2014 and then climbing back to about $2,307.37 by mid\u2011morning, putting spot ETH slightly above the $2,300 \u201cline in the sand\u201d highlighted in recent derivatives and liquidation analysis.<\/p>\nCrypto holds bid as stocks sag<\/h1>\n