YEREVAN (CoinChapter.com) — The U.S. stock market lost $3.25 trillion in one day on April 4, according to market data. This drop was larger than the entire crypto market cap, which stood at $2.68 trillion at the time, based on CoinMarketCap figures. The fall followed new Trump tariffs that raised trade tensions.
The Wall Street crash marked the worst single-day decline since March 16, 2020. The sharp drop affected major tech stocks and pushed the Nasdaq 100 into a bear market. The Kobeissi Letter confirmed the bear market label in an April 4 post on X.
The market losses since February 19 now total $11 trillion, with recession odds above 60%, the Kobeissi Letter added. It also called the April 2 tariff announcement by Trump “historic.”
Nasdaq Bear Market Deepens with Tech Stock Declines
The Nasdaq 100 index fell 6% on April 4. The decline pushed the index into official bear market status. Stocks in the Magnificent Seven group led the drop.
Tesla stock fell 10.42%, making it the day’s biggest loser among major tech companies. Nvidia dropped 7.36%, while Apple shares declined 7.29%, according to TradingView data.
This sharp drop followed Donald Trump’s executive order on April 2, which added a 10% baseline tariff on all imports. Trump said the reciprocal tariffs would be set at about half the rate that trading partners impose on U.S. goods.
Bitcoin Price Holds During Wall Street Decline
Despite the Wall Street crash, the Bitcoin price showed limited movement. On April 4, Bitcoin traded at $83,749, down only 0.16% over the past seven days, according to CoinMarketCap.
Crypto trader Plan Markus wrote on X that the stock market was falling, but Bitcoin price remained stable. The post reflected what other users noticed—Bitcoin was not reacting strongly to the same pressures affecting equities.
Technical trader Urkel said that Bitcoin
“doesn’t appear to care one bit about tariff wars and markets tanking.”
The price level held despite broader economic fears tied to Trump tariffs and stock declines.
Crypto Market Cap Still Below Wall Street Losses
The total crypto market cap was still lower than Wall Street’s daily loss. On April 4, it stood at $2.68 trillion, while the Wall Street crash erased $3.25 trillion in value.
Even some crypto skeptics acknowledged the contrast. Dividend Hero, who has over 203,200 followers on X, said,
“I’ve hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.”
The difference in performance highlighted a growing divide between crypto markets and traditional stocks during times of macroeconomic volatility.
The Trump tariffs signed into effect on April 2 added a new layer of uncertainty. The policy introduced 10% import duties on all products from all countries, plus reciprocal tariffs for key trading partners.
