On April 4th, the US stock market lost $3.25 trillion of its value, exceeding the total value of the digital currency market by $570 billion. This drop was due to concerns over new tariffs imposed by Donald Trump. Among the popular stocks, Tesla experienced the biggest decline with a 10.42% drop, followed by Nvidia and Apple. The Nasdaq index also plunged by 6%, entering bear market territory. This decline was a result of Trump’s executive order to impose retaliatory tariffs and a 10% base tariff on all imported goods last week. On the other hand, Bitcoin maintained relatively stable performance, trading around $83,700. Some analysts, including critics of digital currencies, have pointed out Bitcoin’s distinct performance compared to the stock market in this period of economic instability.
