The United States stock market has lost value on April 4 days of trade than the entire cryptocurrency market is worth it, as the fear of US president’s tariffs Donald Trump continues to cover.
On April 4, the US stock Lost market $ 3.25 trillion – around $ 570 billion more than the $ 2.68 trillion of the crypto market market appreciation at the time of publication.
Nasdaq 100 is now “in a bear market”
Among the amazing-7 stocks, Tesla (TSLA) led the sun’s losses with a fall of 10.42%, followed by Nvidia (NVDA) down 7.36%and Apple (AAPL) falling 7.29%, According to In tradingview data.
Significant denial of the entire board signal that Nasdaq 100 is now “in a bear market” after falling 6% throughout the day of trading, trade resource account the Kobeissi letter Says In a post of April 4 x. It is the largest sunny decline since March 16, 2020.
“US stocks have now deleted a massive -$ 11 trillion since February 19 with odds in retreating above 60%,” he added. The Kobessi letter said that Trump’s April 2’s tariff announcement was “historical” and if the tariffs continued, a backwards would be “impossible to avoid.”
Source: Anthony Scaramucci
On April 2, Trump signed an Executive Order Establishment of trade rewards tariffs Partners and a 10% baseline tariff on all imports from all countries.
Trump said the reward tariffs were about half the rate of US trading partners imposed on American merchandise.
Related: Bitcoin Bulls defends the support of $ 80K because ‘World War 3 of trade wars’ crushed US stocks
Meanwhile, the Crypto industry pointed out that as the stock market continues to decline, Bitcoin (Btc) remains stronger than expected.
Crypto’s businessman’s plan plan Taught Out in an April 4 X post as the whole stock market is “tanking,” Bitcoin holds.
Source: Jeff Dorman
Even some skepticism in the crypto pointed out the contrast between Bitcoin performance and the US stock market in the previous period of macro uncertainty.
Stock market commentator dividend hero said His 203,200 x followers that he had “hated Bitcoin in the past, but seeing it not tank while the stock market was very interesting to me.”
Meanwhile, urkel technical businessman Says Bitcoin “does not appear to care a little about tariff wars and market markets.” Bitcoin traded at $ 83,749 at the time of publication, down 0.16% in the past seven days, According to In CoinMarketCap data.
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