{"id":10693,"date":"2025-04-05T10:44:37","date_gmt":"2025-04-05T08:44:37","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=10693"},"modified":"2025-04-05T10:44:37","modified_gmt":"2025-04-05T08:44:37","slug":"wall-streets-one-day-plummet-surpasses-total-cryptocurrency-market-value","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/04\/05\/wall-streets-one-day-plummet-surpasses-total-cryptocurrency-market-value\/","title":{"rendered":"Wall Street’s One-Day Plummet Surpasses Total Cryptocurrency Market Value"},"content":{"rendered":"

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The stock market in the United States experienced a greater loss in value during the trading session on April 4 than the total worth of the cryptocurrency market, as concerns over President Donald Trump’s tariffs continue to escalate.<\/p>\n

On April 4, the US stock market dropped $3.25 trillion<\/a> \u2014 about $570 billion more than the entire crypto market’s $2.68 trillion valuation at the time of reporting.<\/p>\n

Nasdaq 100 is currently “in a bear market”<\/h2>\n

Of the Magnificent-7 stocks, Tesla (TSLA) suffered the most with a 10.42% decrease, followed closely by Nvidia (NVDA) which decreased by 7.36% and Apple (AAPL) which fell by 7.29%, as per<\/a> the data from TradingView.<\/p>\n

This drastic drop across the board indicates that the Nasdaq 100 is now “in a bear market,” having fallen 6% during the trading session, as noted by trading resource account The Kobeissi Letter in an April 4 post on X.<\/a> This marks the steepest daily decline since March 16, 2020.<\/p>\n

“US equities have now wiped out a staggering -$11 TRILLION since February 19 with recession probabilities OVER 60%,” it added. The Kobeissi Letter stated that Trump’s tariff announcement on April 2 was “historic,” warning that if the tariffs persist, a recession would be “inevitable.”<\/p>\n

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Source: <\/em>Anthony Scaramucci<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

On April 2, Trump enacted an executive order instituting reciprocal tariffs on trading<\/a> partners along with a 10% baseline tariff on all imports from every country.<\/p>\n

Trump mentioned that the reciprocal tariffs will approximately amount to half of the rates imposed on American goods by US trading partners.<\/p>\n

Related: <\/strong><\/em>Bitcoin bulls defend $80K support as the ‘World War 3 of trade wars’ pressures US stocks<\/strong><\/em><\/a><\/p>\n

Meanwhile, the cryptocurrency sector has highlighted that while the stock market continues to plunge, Bitcoin (BTC<\/a>) is performing better than most anticipated.<\/p>\n

Crypto trader Plan Markus emphasized<\/a> in an April 4 post on X that while the overall stock market \u201cis collapsing,\u201d Bitcoin is sustaining its position.<\/p>\n

\"Nasdaq,
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Source: <\/em>Jeff Dorman<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Even some Bitcoin skeptics have noted the stark difference between Bitcoin’s performance and that of the US stock market amid the recent macroeconomic uncertainty.<\/p>\n

Stock market analyst Dividend Hero mentioned<\/a> to his 203,200 followers on X that he has “expressed disdain for Bitcoin in the past, but observing it not plummet while the stock market does is quite intriguing to me.”<\/p>\n

In addition, technical trader Urkel stated<\/a> Bitcoin “doesn’t seem bothered at all by tariff wars and the market decline.” Bitcoin is currently trading at $83,749, experiencing a decrease of 0.16% over the last week, according<\/a> to data from CoinMarketCap.<\/p>\n

Magazine: <\/strong><\/em>XRP win positions Ripple as a ‘bad actor’ with no legal precedent in cryptocurrency<\/strong><\/em><\/a><\/p>\n