Tariffs Slam Stocks, But $200K Bitcoin Lives? Whales, Stablecoins, & a Hidden Bullish Spark

Hey there, DegenDen fam.

Buckle up, because it’s been another wild ride.

Trump’s tariffs hammered traditional markets, pushing them into meltdown territory – but somehow, Bitcoin barely even blinked.

Meanwhile, big names like Ryan Rasmussen and Geoff Kendrick are still screaming for a $200K BTC in 2025, even as short-term doom looms.

Ready? Let’s unravel this twisted mess.

THE RUNDOWN

• Recession Odds Up: Polymarket says 54% chance in 2025, Kalshi at 57%. Blame these “Liberation Day” tariffs that just dropped.

• Stocks vs. Crypto: S&P 500 down 4.84%, Apple 9.25%, Amazon 8.98%. Meanwhile, crypto’s market cap only dipped about 0.37%.

• Bullish Voices: Bitwise’s Rasmussen doubles down on $200K BTC, calling the panic “dry powder.” Standard Chartered’s Kendrick also stands firm.

• On-Chain Analyst: Will Clemente says now might be a prime time to nibble – “downside’s probably capped.”

• Stablecoins: Supply hits another all-time high at $208.84B – more ammo for the next big run?

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DEGENDEN MAIN EVENT

Let’s start with the carnage in stocks. Tech darlings like Apple and Amazon are getting crushed under the new tariff wave, but the real shocker?

Crypto is barely budging. 

Oh yes, BTC is down 9% WoW. If you think that’s a lot, are you new?

Usually, we’d expect a correlated nosedive, but BTC’s down just a smidge.

That resilience has folks like Will Clemente saying, “We might already be near bottom.” Because if a meltdown of this scale doesn’t nuke BTC, what will?

But wait, there’s more.

On-chain data suggests stablecoin supply is at an all-time high near $208B, meaning billions in “dry powder” sit idle, waiting to pounce on dips.

If that stablecoin mountain flows into BTC or altcoins, we could see fireworks – especially once the market shakes off tariff fear.

What about that $200K price target?

Ryan Rasmussen (Bitwise) calls the latest tariff-induced volatility “a distraction,” firmly believing once the dust settles, BTC will rocket.

Standard Chartered’s Geoff Kendrick echoes that, apparently unphased by the meltdown. It’s a bold stance when the S&P is posting its worst day in over three years, but hey, crypto thrives on contrarian energy.

In the meantime, everything else looks bleak: the US 10-year yield’s spiking past 4.5%, inflation’s a giant question mark, and consumer sentiment’s at pandemic lows.

It’s basically a macro minefield out there.

Yet here’s Bitcoin, sipping tea, down less than 1%. If you believe in decoupling, this is the best evidence we’ve had in a while.

So… Are we about to see a new bull wave or a final flush to sub-$70K?

That’s the question. If you trust Clemente and Rasmussen, this is the perfect time to start scaling in.

If you’re skittish, well, stablecoins are plentiful. The next CPI reading might tilt the scale either way.

That’s the scoop for now, degens.

We’ve got meltdown vibes across equities, but crypto’s playing it cool.

Some heavy hitters are still aiming for $200K Bitcoin despite global chaos. Is that naive or visionary? Only time will tell.

If you’re feeling bullish, maybe nibble on that dip. If you’re not, hold tight in those stablecoins – or just watch the madness from a distance.

Stay savage, stay curious – you know the drill.

– The DegenDen Team

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Ethereum… ETH is the meme of the day, month, and year.