The Nasdaq and S&P 500 both fell today—by 1% and 0.6% respectively—but Bitcoin, staying near $75,000, and Ethereum, around $2,300, suggest that cryptocurrencies are currently performing better than U.S. technology stocks, at least during regular trading hours.

Summary

U.S. stocks started the week with losses. The Nasdaq fell around 1%, the S&P 500 dropped almost 0.6%, and the Dow Jones Industrial Average declined by about 0.27%. This continues a difficult April for investments considered risky.

This decision follows a difficult first quarter for the stock market. The Nasdaq had already fallen 7.1% this year, while the S&P 500 was down 4.6% and the Dow Jones Industrial Average decreased by 3.6%. A recent report from Gate attributed these declines to global political issues and rising energy costs, marking the worst quarterly performance in a year.

By 9 a.m. Eastern Time on April 20th, both Bitcoin and Ethereum were holding their value better than major U.S. tech stocks. Bitcoin was trading around $75,324.58 and Ethereum at $2,317.80, both slightly up from their prices earlier that morning, even as stock prices fell.

Crypto holds bid as stocks sag

Bitcoin started Monday at $73,820.11, a decrease of 2.5% from Sunday’s opening price of $75,723.69. However, it quickly recovered, rising above $75,240 by 7:35 a.m. EST. This meant Bitcoin was up about 1.9% from its lowest point of the day, even though early trading suggested the Nasdaq stock market might open lower.

Ethereum’s price also saw a recovery today. It began the day at $2,263.49, which was 3.7% lower than Sunday’s price, but then rose to around $2,307.37 by mid-morning. This put Ethereum slightly above the $2,300 mark, a price point analysts have been watching for potential trading activity and liquidations.

According to Fortune, Ethereum was trading at $2,317.80 at 9 a.m. today. That’s about $730 more than it was worth a year ago. While Ethereum has increased by over 40% in the last year, the Nasdaq stock market has actually decreased in value over the same period, creating a notable contrast.

This difference in performance has sparked a discussion about whether Bitcoin and Ethereum are starting to move independently from stocks, or if they’re just falling behind as investors generally avoid risky assets.

A previous article on crypto.news discussed the risk of Ethereum liquidations. Data showed that if the price of Ethereum fell below $2,040, it could lead to $1.4 billion in forced selling of leveraged positions. This highlights that even when the price of Ethereum appears stable compared to the stock market, the use of leverage makes the cryptocurrency market very sensitive to broader economic events.

Listed crypto proxies, meanwhile, remain firmly in the equity bucket.

Coinbase stock finished trading at $206.33 on April 17th, a 3.26% increase for the day. However, the stock is still down about 28.5% from the start of the year, having previously reached around $263.26 earlier in April. This follows a downgrade from Barclays due to lower trading revenue, as reported by MEXC following Coinbase’s latest earnings report.

For traders watching both screens, Monday’s tape offered a neat snapshot.

Despite a slight decline in the Nasdaq and S&P 500, Bitcoin staying above $75,000 and Ethereum near $2,300 indicated that the crypto market could temporarily withstand minor stock market weakness. However, past trends and recent news suggest that a larger drop in stocks would likely impact crypto as well.

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2026-04-20 21:14