Wall Street Suffers $3.25 Trillion Blowout; Crypto Market Caps Plummet

The U.S. stock market experienced its most significant single-day loss ever on April 4, dropping a staggering $3.25 trillion. This massive devaluation surpassed the total value of all cryptocurrencies combined ($2.68 trillion) according to financial platforms tracking trading data. The sell-off has sent the Nasdaq 100 into bear market territory after it plummeted by 6% in a single session, marking the steepest decline since March 2020 at the height of the COVID-19 pandemic.