On Thursday, a major stock market crash bewildered the market like anything! On 4th April, the stock market lost more than the net value of the crypto market. That worsens the fear of President Trump coming up with new tariff plans.
How much was the net loss of the US stock market? At press time, the net calculated loss was $3.25 trillion. It is around $570 billion in excess of the croup market’s net valuation ($2.68 trillion).
NASDAQ 100 Getting Bearish Vibes?
All of the top 7 stocks lost big time, starting from Monday. TSLA lost over 10.42% in 24 hours. The same goes for NVDA. The tech giant lost 7.36%. It is no better with AAPL.
The gadgets maestro lost 7.29% in one day. Data from TradingView suggest that a lot of other major stocks hit rock bottom, too.
A lot of investors are now asking- were there any ominous signs that the market overlooked?
After falling 6% in a day, the NASDAQ didn’t take any major steps. In a recent X post, the Kobeissi Letter confirms that since March 2020, such a massive loss hasn’t been seen in the market. A lot of investors say that crypto will become a critical rescuer if the NASDAQ keeps faring like this.
How Can Crypto Help?
The securities and other assets in the crypto market also took a hit. However, the situation is not as bad as the stock market. Bitcoin and other memecoins will keep the market comparatively more stable for now.
Famous market commentators like Dividend Hero are also reinstating their faith back to BTC. He said that he despised BTC previously. But he also said that it was interesting to note that BTC and many other coins didn’t take the hit as the stock market plummeted.
