{"id":126519,"date":"2025-04-05T06:17:07","date_gmt":"2025-04-05T06:17:07","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126519"},"modified":"2025-04-05T06:17:07","modified_gmt":"2025-04-05T06:17:07","slug":"wall-streets-one-day-loss-tops-the-entire-crypto-market-cap","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126519","title":{"rendered":"Wall Street\u2019s one-day loss tops the entire crypto market cap"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe United States stock market lost more in value over the April 4 trading day than the entire cryptocurrency market is worth, as fears over US President Donald Trump&#8217;s tariffs continue to ramp up.<br \/>\nOn April 4, the US stock market lost $3.25 trillion \u2014 around $570 billion more than the entire crypto market&#8217;s $2.68 trillion valuation at the time of publication.<br \/>\nNasdaq 100 is now &#8220;in a bear market&#8221;<br \/>\nAmong the Magnificent-7 stocks, Tesla (TSLA) led the losses on the day with a 10.42% drop, followed by Nvidia (NVDA) down 7.36% and Apple (AAPL) falling 7.29%, according to TradingView data.<br \/>\nThe significant decline across the board signals that the Nasdaq 100 is now &#8220;in a bear market&#8221; after falling 6% across the trading day, trading resource account The Kobeissi Letter said in an April 4 X post. This is the largest daily decline since March 16, 2020.<br \/>\n&#8220;US stocks have now erased a massive -$11 TRILLION since February 19 with recession odds ABOVE 60%,&#8221; it added. The Kobessi Letter said Trump&#8217;s April 2 tariff announcement was &#8220;historic&#8221; and if the tariffs continue, a recession will be &#8220;impossible to avoid.&#8221;<br \/>\nSource: Anthony ScaramucciOn April 2, Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries.<br \/>\nTrump said the reciprocal tariffs will be roughly half the rate US trading partners impose on American goods.<br \/>\nRelated: Bitcoin bulls defend $80K support as &#8216;World War 3 of trade wars&#8217; crushes US stocks<br \/>\nMeanwhile, the crypto industry has pointed out that while the stock market continues to decline, Bitcoin (BTC) remains stronger than most expected.<br \/>\nCrypto trader Plan Markus pointed out in an April 4 X post that while the entire stock market \u201cis tanking,\u201d Bitcoin is holding.<br \/>\nSource: Jeff DormanEven some crypto skeptics have pointed out the contrast between Bitcoin&#8217;s performance and the US stock market during the recent period of macro uncertainty.<br \/>\nStock market commentator Dividend Hero told his 203,200 X followers that he has &#8220;hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.&#8221;<br \/>\nMeanwhile, technical trader Urkel said Bitcoin &#8220;doesn&#8217;t appear to care one bit about tariff wars and markets tanking.&#8221; Bitcoin is trading at $83,749 at the time of publication, down 0.16% over the past seven days, according to CoinMarketCap data.<br \/>\nMagazine: XRP win leaves Ripple a &#8216;bad actor&#8217; with no crypto legal precedent set<a href=\"https:\/\/cointelegraph.com\/news\/united-states-stock-market-decline-market-cap-crypto-wall-street?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe United States stock market lost more in value over the April 4 trading day than the entire cryptocurrency market is worth, as fears over US President Donald&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126519"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126519"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126519\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126519"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}