The U.S. stock market wiped out more value in a single day than the entire cryptocurrency market is currently worth, amid growing investor fears surrounding U.S. President Donald Trump’s aggressive new tariff policy.On April 4, U.S. equities lost $3.25 trillion, surpassing the $2.68 trillion total market capitalization of all cryptocurrencies combined, according to data tracked by multiple financial platforms.Nasdaq 100 Enters Bear Market TerritoryThe sharp sell-off sent the Nasdaq 100 into bear market territory after it dropped 6% in a single session — the steepest one-day fall since March 16, 2020, at the onset of COVID-19 lockdowns.Leading the losses were:Tesla (TSLA): -10.42%Nvidia (NVDA): -7.36%Apple (AAPL): -7.29%According to trading insights firm The Kobeissi Letter, U.S. equities have lost $11 trillion in value since February 19. “If the tariffs continue, a recession will be impossible to avoid,” the firm warned.Tariff Shock: Trump’s “Reciprocal Trade Order” Rattles MarketsThe market turmoil follows President Trump’s April 2 executive order that establishes 10% base tariffs on all imports and “reciprocal tariffs” against any country that imposes higher tariffs on U.S. goods. The administration argues this will level the playing field but economists fear it may spark a full-scale trade war.Bitcoin Outperforms Traditional Markets Amid ChaosIn contrast to Wall Street's steep selloff, Bitcoin (BTC) has remained relatively stable. At the time of writing, BTC is trading around $83,749, down just 0.16% over the past week, per CoinMarketCap.This divergence is prompting even crypto skeptics to take notice.“I’ve hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me,” said Dividend Hero, a popular stock market analyst on X.Technical analyst Urkel added that Bitcoin “doesn’t appear to care one bit about tariff wars and markets tanking.”Market OutlookWhile equities struggle under the weight of recession fears and geopolitical tensions, Bitcoin’s resilience is sparking renewed interest from both institutional and retail investors. Some analysts suggest that crypto may be regaining its narrative as a hedge against macroeconomic instability — especially as traditional markets buckle.With tariff escalation, inflation concerns, and potential Federal Reserve rate changes on the horizon, all eyes are on whether Bitcoin can sustain its strength — or become the next safe-haven asset in a fractured global economy, according to Cointelegraph.