Bitcoin, Gold Shine In April While Stocks, Oil Suffer— Mohamed El-Erian Flags Diverging Market Trends

Economist Mohamed A. El-Erian on Wednesday highlighted gains for Bitcoin (CRYPTO: BTC) and gold in April, contrasting with the declines in the stock market

What Happened: El-Erian, the Chief Economic Advisor at Allianz, took to X detailing the year-to-date performance of major asset classes.

Since the start of the year, the Dow Jones Industrial Average and S&P 500 have dropped 4.41% and 5.31%, respectively, while gold has gained 24.48%.

April was a significant down month for stocks. President Donald Trump’s aggressive tariff measures threw markets into a spiral, forcing the Dow and S&P 500 to fall 3.15% and 1.14%, respectively, during the month.

Crude oil also endured pressures, with year-to-date losses at 18.84% at the end of April.

In contrast, Bitcoin and gold were among the few winners of the month, rising 13.73% and 3.9%, respectively. Year-to-date, however, the apex cryptocurrency has barely increased, while gold has jumped 24.48%.

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Why It Matters: These numbers come in the wake of the U.S. economy’s contraction in the first quarter of 2025, marking its first negative growth reading since the second quarter of 2022. This contraction, precipitated by newly imposed trade tariffs, has stoked recession fears.

Notably, Bitcoin was not immune to the macroeconomic pressures as it hit a bottom of $76,000 earlier this month. However, the apex cryptocurrency rebounded sharply after Trump announced a 90-day pause on tariffs on countries that have not retaliated against U.S. trade measures.

Price Action: At the time of writing, Bitcoin was exchanging hands at $94,974.24, up 0.19% in the last 24 hours, according to data from Benzinga Pro. Spot gold traded at $3,235.26 an ounce, down 1.63%.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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