#cryptonews
U.S. stock markets have experienced a staggering $11 trillion wipeout since February 19, with losses accelerating on April 4 following heightened concerns over President Donald Trump’s sweeping tariff measures.
The single-day market loss amounted to $3.25 trillion—exceeding the total valuation of the global cryptocurrency market, which stood at $2.68 trillion at the time.
The Kobeissi Letter, a financial insights platform, described April 4 as the worst day for U.S. equities since March 2020. “U.S. stocks have now erased a massive $11 trillion since February 19,” Kobeissi said in an April 4 post on X, adding that the odds of a recession now exceed 60%.
The widespread sell-off sent the Nasdaq 100 tumbling 6% on the day, pushing the index officially into bear market territory.
While traditional markets slump, Bitcoin has shown notable resilience. At the time of publication, BTC was trading around $83,749, down just 0.16% over the past week, according to CoinMarketCap. “Bitcoin doesn’t appear to care one bit about tariff wars and markets tanking,” said technical analyst Urkel. Even longtime crypto skeptics are beginning to take notice.
The executive order signed by Trump imposes a 10% baseline tariff on all imported goods and introduces reciprocal tariffs aimed at leveling trade imbalances.
He hypothesised that President Donald Trump and Treasury Secretary Scott Bessent are attempting to crash asset prices, forcing the Fed’s hand to reduce rates.
Last month, Bitcoin commentator Anthony Pompliano said that the Trump administration may be deliberately engineering market turmoil to pressure Federal Reserve Chair Jerome Powell into lowering interest rates.
“Trump and his team are intentionally crashing the market,” he wrote. “Is this a master plan or are we watching uncontrolled destruction?”
In January, the Fed held rates steady at 4.25% to 4.5%, maintaining its cautious stance amid inflation concerns.
Pompliano, host of The Pomp Podcast, claims that lowering interest rates is crucial to avoid the need to refinance $7 trillion in upcoming U.S. debt obligations.