The U.S. stock market saw a staggering $3.25 trillion wiped out in a single day on April 4 - surpassing the entire cryptocurrency market’s value of $2.68 trillion. The sharp losses followed President Donald Trump’s announcement of sweeping new tariffs, sparking fresh fears of a recession.
The Nasdaq 100 tumbled 6% - its worst daily performance since March 2020 - pushing it into bear market territory. Among the hardest-hit were Tesla, Nvidia, and Apple, each dropping more than 7%. Since mid-February, U.S. stocks have lost a total of $11 trillion in value, with recession risks now exceeding 60%, according to market analysts.
Trump’s new policy imposes a 10% base tariff on all imports and “reciprocal” tariffs mirroring foreign trade practices. Critics warn the measures could drag the economy into a full-blown downturn if they persist.
In contrast to the turmoil on Wall Street, Bitcoin has shown surprising resilience. While traditional equities plummeted, Bitcoin held steady near $83,749, down less than 1% over the past week. This divergence has caught the attention of both crypto advocates and skeptics, many noting Bitcoin’s uncharacteristic stability amid broader financial chaos.
Market watchers now see Bitcoin’s performance as a possible sign of maturing investor confidence - or at least an asset class increasingly uncorrelated with traditional markets.
