Stock Market Loss Doubles Crypto’s Market Cap in 48 Hours
Ever since U.S. President Donald Trump announced “Liberation Day” tariffs, global stock markets have lost over $5 trillion USD in just 48 hours, almost doubling the total market cap of the crypto sector. Amidst this uncertainty, cryptocurrencies have emerged as a potential hedge, gaining attention from both retail and institutional investors.
On April 2, President Trump announced a reciprocal tariff against 25+ countries, including some of its strongest allies. The radical move by the Trump administration resulted in a major setback for global stock markets. According to a report in Reuters, over 5 trillion dollars were wiped off Wall Street in 48 hours.
Global Market Crash due to Liberation Day Tariff
Hours after U.S. President Donald…
