Wall Street loses more in one day than the crypto market capitalization
U.S. stock market loses $3.25 trillion in a single day amid tariff fears.
The U.S. stock market lost more than $3.25 trillion in value on April 4, a staggering drop that eclipses the entire market capitalization of cryptocurrencies, which stood at $2.68 trillion at the time.
The plunge follows mounting investor anxiety over sweeping tariff measures announced by President Donald Trump earlier this week, marking the market’s worst single-day loss since March 2020, reports Cointelegraph.
The Nasdaq 100 fell 6% on the day, officially entering bear market territory, according to financial commentary platform The Kobeissi Letter. “U.S. stocks have now erased a massive -$11 TRILLION since February 19 with recession odds ABOVE 60%,” the post warned. Tesla, Nvidia, and Apple led the sell-off among the so-called “Magnificent-7” stocks, each falling more than 7%, with Tesla tumbling 10.42%.
Bitcoin Resilient Amid Market Turmoil
In stark contrast to the stock rout, Bitcoin has held firm. Despite macroeconomic instability and the growing specter of a recession, the world’s largest cryptocurrency was down just 0.16% over the past week, trading at $83,749 as of publication, according to CoinMarketCap.
Crypto traders and skeptics alike noted the divergence. “While the entire stock market is tanking, Bitcoin is holding,” said one user on X. Another prominent financial commentator known as Dividend Hero admitted, “I’ve hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.”
The sharp divergence between traditional equities and digital assets could fuel a growing narrative of Bitcoin as a hedge against macro uncertainty. With reciprocal tariffs now applied to all imports and economic analysts warning of a potential downturn, investors may increasingly look to decentralized assets for stability.
As markets await further clarity on the full economic ramifications of Trump’s trade policies, the relative strength of Bitcoin has offered a surprising counterpoint—raising questions about the evolving role of crypto in a shifting financial landscape.
Recently we wrote, that the world’s 500 wealthiest individuals collectively lost $208 billion on Thursday.
