Bitcoin is holding on to the $62,000 price level, rising by nearly 1% in the last 24 hours, according to CoinGecko’s BTC data. Bitcoin staying steady at $62,000 comes amid inflation in the US rising to 4.2%. The stock market, on the other hand, has seen a steep crash, losing $1.1 trillion in one day. Let’s discuss why BTC may be holding steady, while the stock market is facing a crash.

Stock Market Crash: Are Investors Holding On To Bitcoin?

One reason why Bitcoin (BTC) may not have fallen as steeply as the stock market could be due to the asset already having faced a correction last month. BTC could be at bottom levels for this cycle. The US stock market wiped out about $1.1 trillion after inflation in the US went up to 4.2%. The spike in inflation figures have significantly diminished the chances of an interest rate cut. Higher rates often lead to investors moving away from high-risk assets, such as Bitcoin (BTC), as borrowing becomes more difficult.

Bitcoin’s (BTC) recent dip was triggered by increased inflation figures, high jobs data, and a re-escalation in the US-Iran conflict. The conflict has led to worries about oil price surges, which could increase inflation further.

Another factor that has gained some traction is the upcoming SpaceX IPO (Initial Public Offering). Apart from SpaceX, Anthropic and OpenAI are also reportedly heading towards their public offerings sometime this year. We may be witnessing a liquidity drain for the upcoming highly anticipated IPOs.

Also Read: This Top Cryptocurrency Is Among the Worst-Performing Assets of 2026

Bitcoin (BTC) seems to have some support at the $62,000 level. It is possible that the asset will continue on a sideways trajectory from here for the time being. The asset could see some relief if the US passes the CLARITY Act. A peace deal between the US and Iran could also elevate investor confidence. However, a de-escalation in the Middle East seems unlikely at the moment.