US Stock Market Loses $3.25 Trillion – Bitcoin Holds Strong Amid Chaos

US Stock Market’s $3 Trillion Loss: How Bitcoin Remains a Safe Haven

US stock market experienced a staggering loss of $3.25 trillion, surpassing the total value of the entire cryptocurrency market, which was valued at $2.68 trillion at the time. This sharp decline is fueled by growing concerns over US President Donald Trump’s tariffs and the possibility of a global recession.

Nasdaq 100 Enters Bear Market

The Nasdaq 100 entered a bear market on April 4, following a 6% drop in a single trading day. This marks the largest daily decline since March 16, 2020. Among the hardest-hit stocks were Tesla (TSLA), which plummeted by 10.42%, Nvidia (NVDA), down 7.36%, and Apple (AAPL), which fell 7.29%. The significant market downturn has led to predictions of an impending recession, with recession odds now exceeding 60%.

In response to the economic uncertainty, Trump’s tariff announcement on April 2 has added fuel to the fire. The new tariffs, which impose reciprocal tariffs on trading partners and a 10% baseline tariff on all imports, are seen as potentially leading to a full-blown economic downturn if they continue.

Bitcoin Outperforms as Traditional Markets Struggle

Amid the turmoil in traditional markets, Bitcoin (BTC) has shown resilience, holding steady despite the broader market’s decline. At the time of publication, Bitcoin is trading at $83,749, down only 0.16% over the past week, according to CoinMarketCap data.

While the stock market falters, crypto traders like Plan Markus have pointed out that Bitcoin remains relatively unaffected by the ongoing tariff wars. Despite skepticism in the crypto space, even some critics have noticed Bitcoin’s ability to hold strong during times of economic uncertainty, contrasting sharply with the volatile behavior of traditional markets.

As the global economy faces increasing risks, the cryptocurrency space, particularly Bitcoin, seems to stand firm amidst the storm.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.