The US stock market experienced a significant loss on April 4, surpassing the entire cryptocurrency market’s valuation. The fear surrounding President Donald Trump’s tariffs contributed to this decline. The US stock market lost $3.25 trillion on that day, exceeding the crypto market’s $2.68 trillion valuation. Stocks like Tesla, Nvidia, and Apple faced substantial drops, with the Nasdaq 100 entering a bear market. Trump’s tariff announcement on April 2 further exacerbated the situation. Despite the stock market turmoil, Bitcoin remained resilient, attracting attention from both crypto enthusiasts and skeptics. While stocks plummeted, Bitcoin’s performance remained steady. Even amidst tariff wars and market uncertainties, Bitcoin continued to hold its ground. As of now, Bitcoin is trading at $83,749, showing a minimal decrease over the past week, according to CoinMarketCap data. The contrast between Bitcoin’s stability and the stock market’s volatility during this period has piqued the interest of many market observers. This unexpected resilience of Bitcoin amidst market turmoil is a topic of discussion among traders and investors alike.
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