Based on information provided by analyst Lark Davis, the overall market capitalization of the crypto marke t has plummeted by more than $1 trillion since the current U.S. president took office on January 20, 2025.
The total market capitalization has decreased from $3.66 trillion to barely $2.62 trillion, which has alarmed investors navigating a volatile landscape of regulations and geopolitics.
Digital assets has become associated with significant shifts, however, the scale and moment at which this reduction occurred are catching attention. Davis highlighted the decline in a widely shared posting, questioning, “Getting weary of success?”—an allusion to the Trump administration’s catchphrase currently facing challenges due to cryptocurrency’s extended downturn.
However, it's not only cryptocurrency that's feeling the pressure!
U.S. stocks have also been shaken up — as mentioned in The Kobeissi Letter. Russell 2000 has officially returned to the bear market, a condition last observed on June 16, 2022. In this period, the S&P 500 stocks erased an unprecedented $120 billion every hour, totaling approximately $2.9 trillion, as reported. Kobeissi Letter on X .
The markets became extremely volatile following Trump's announcement of a baseline. 10% tariff This was quickly succeeded by a series of retaliatory tariffs imposed on both allies and adversaries.
'The Magnificent Seven' face historic single-day drop
According to reports The "Magnificent Seven" stocks—Apple, Amazon, Meta, Alphabet, Nvidia, Tesla, and Microsoft—are collectively aiming to hit an unprecedented $1 trillion single-day loss mark.
Apple declined by over 9%, making it the largest decliner within the group, due to worries about potential new obstacles for its international supply lines, particularly affecting operations in China and India. Meanwhile, Amazon fell by 8.9% amid warnings from experts suggesting that tariffs might have widespread effects across various sectors including its advertising, logistics, and cloud services divisions.
Meta Platforms dropped 7.8%, facing potential ad revenue declines. Meanwhile, Nvidia decreased by 7%, though it remains unaffected regarding semiconductor issues — duties continue to be imposed on products containing chips. Tesla tumbled 6.5%. Even though Alphabet and Microsoft weren’t as severely impacted, they each saw losses of 3.7% and 2.3%, respectively.
On April 3rd, President Trump referred to the market It is progressing "extremely well," and he anticipates that the "market will flourish."