Wall Street's daily losses are above crypto market capitalization

The US stock market has been valued throughout the April 4 trading day as US President Donald Trump's fear of tariffs continues to rise.

On April 4th, the US stock market lost $3.25 trillion. That's about $570 billion more than the $2.68 trillion valuation of Crypto Market at the time of publication.

Nasdaq 100 is currently “in the bear market”

Among the epic seven shares, Tesla (TSLA) led the day's losses with a 10.42% drop, followed by NVIDIA (NVDA) fell 7.36% and Apple (AAPL) fell 7.29%.

A significant board-wide decline indicates that the Nasdaq 100 is currently in the “bare market” “on the bare market” after a 6% drop across trading days. This is the largest daily decline since March 16th, 2020.

“U.S. stocks have erased a massive $11 trillion since February 19th, with the odds of the recession exceeding 60%,” he added. Kobessi's letter said Trump's April 2nd tariff announcement was “historic” and that if tariffs continue, the recession would be “unavoidable.”

On April 2, Trump signed an executive order establishing mutual tariffs on trading partners, signing a 10% baseline tariff on all imports from all countries.

Trump said mutual tariffs would be about half the rates that the US trade partners would impose on American goods.

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Meanwhile, the crypto industry points out that while the stock market continues to decline, Bitcoin (BTC) remains stronger than expected.

Crypto Trader Plan Markus pointed out in the X-Post on April 4th that Bitcoin held it while the entire stock market was “tanking.”

Even some crypto skeptics have pointed to the contrast between Bitcoin's performance and the US stock market in recent periods of macro uncertainty.

The stock market commentator dividend hero told 203,200 x followers, “I hated Bitcoin in the past, but while the stock market is going it's not a tank, it's very interesting to me.”

Meanwhile, technical trader Urquel said Bitcoin “apparently doesn't seem to mind a bit about the tariff war and market tanking.” Bitcoin was down 0.16% at $83,749 at publication, according to CoinmarketCap data.

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