Wall Street's market value evaporated in a single day, surpassing the total size of the cryptocurrency market

Even some cryptocurrency skeptics point out that Bitcoin's recent decline is far less dramatic than the stock market.

The U.S. stock market lost more value in a single day on Friday (April 4) than the entire cryptocurrency market's total valuation - as concerns about President Trump's tariff policy continue to intensify.

The U.S. stock market lost $3.25 trillion in market value that day, about $570 billion more than the cryptocurrency market's total market value of $2.68 trillion at the time.

Nasdaq 100 enters "bear market"

TradingView data shows that among the "Big Seven Tech Companies", Tesla (TSLA) led the decline with a 10.42% drop, Nvidia (NVDA) fell 7.36%, and Apple (AAPL) fell 7.29%.

The Kobeissi Letter, a trading research organization, pointed out in an X post on Friday that the Nasdaq 100 index fell 6% that day and has now entered a "bear market", setting the largest single-day drop since March 16, 2020.

The agency added: "Since February 19, the US stock market has evaporated $11 trillion in market value, and the probability of a recession is over 60%", and called Trump's tariff policy announced on April 2 a "historic" move, warning that if the tariffs continue, "a recession will be inevitable."

Last Wednesday (April 2), Trump signed an executive order to implement reciprocal tariffs on trading partners and impose a 10% base tariff on imports from all countries.

Trump said the reciprocal tariff rate is about half the rate imposed by US trading partners on US goods.

Meanwhile, the crypto industry pointed out that despite the continued decline in the stock market, Bitcoin (BTC) has performed more firmly than most people expected.

Crypto trader Plan Markus emphasized in an April 4 post X that Bitcoin remained stable when the entire stock market "plunged".

Even some cryptocurrency skeptics have noticed the difference between Bitcoin and US stocks amid recent macroeconomic uncertainty.

Stock market commentator Dividend Hero told his 203,200 X followers: "I have been critical of Bitcoin in the past, but it is very interesting to see it remain stable when the stock market plummets."

Technical analyst Urkel believes that Bitcoin "seems to be unconcerned about the tariff war and the market crash." According to CoinMarketCap data, as of press time, Bitcoin is trading at $83,749, down only 0.16% in the past seven days.