Crypto Market Finds New Buyers as Microsoft, Apple and Nvidia Lose $1 trillion in 3 Days
The post Crypto Market Finds New Buyers as Microsoft, Apple and Nvidia Lose $1 trillion in 3 Days appeared on BitcoinEthereumNews.com.
Crypto market capitalization closed the week above $2.7 trillion mark on Saturday, April 5, while Trade war panic wiped over $1 trillion off US tech stocks including Apple, NVIDIA and Microsoft. Microsoft, Apple and Nvidia all lose $3 trillion valuation as Trump tariffs Wipe Out $1 trillion in 3 days As Trump announced fresh tariffs on Wednesday, global Markets reacted swiftly. The Dow Jones Industrial Average dropped over 3000 points plunging 7.4%, while Crude Oil than 10% as manufactures and commodities traders braces for a blip in global commerce. But the most dramatic losses came from the United States’ technology sector. Apple, Microsoft, and NVIDIA—three of the most valuable companies globally—shed more than $1 trillion in market capitalization combined after Trump announced the sweeping tariffs on Wednesday. US Stock Market Performance over the past week, April 5 2025 | Source: TradingView Apple alone fell 15.02% on the week, while NVIDIA’s stock lost 15.4% following supply chain concerns tied to the semiconductor industry. Microsoft declined 15.9%, extending its weekly loss to the steepest seen since October. Notably, all three stocks which traded above the $3 trillion mark in the past year have now plunged below that historic threshold. Largest Companies globally ranked by market capitalization as of April 5 2025 | Source: companiesmarketcap.com At press time, on Saturday April 5, Apple (AAPL) sits atop with $2.83 trillion market cap, while Microsoft (MSFT) and NVIDIA (NVDA) follow with current valuations of $2.7 and $2.3 trillion valuations respectively. Historically, such synchronized declines among the biggest U.S. corporations suggest investors are reacting to systemic market risks rather than, individual stock performance outlook. This affirms that China’s swift retaliation—announcing new tariffs on U.S. exports within 48 hours—has sparked fears of a sustained trade war, prompting investors to pivot away from American-dominated technology supply chains. Altcoins…
Filed under: News - @ April 5, 2025 11:45 pm