U.S. Market Tumbles Amid Tech Stock Declines

2 mins mins

Key Points:

U.S. tech stocks decline, impacting major indices globally.
S&P 500 futures fell 20% from their peak.
Bitcoin drops to lowest level since November 2024.

April 7: Tech stocks lead a downturn in U.S. markets, impacting major indices and cryptocurrencies.

Main U.S. tech stocks fell significantly on April 7, with Apple, Tesla, and other industry leaders experiencing notable losses. This decline led to broad market disruptions, affecting both traditional and digital assets.

S&P 500 and Leading Tech Stocks Plunge Sharply

The S&P 500 futures fell 20% from their peak, showing broad market impacts from new U.S. tariffs. Tech giants like Apple and Tesla led the decline, with a 5.4% and 10% fall, respectively.

Economic uncertainty intensifies as new tariffs spark worries of inflation and growth slowing. The Nasdaq and Smallcap Russell 2000 have also entered bear markets, alongside significant cryptocurrency losses.

Jerome Powell, Chair of the Federal Reserve, stated, “The tariffs announced last week were higher than expected and raise the risks both of inflation rising and economic growth slowing.” You can find more details on his statement on increasing inflation risks.

Global markets reacted, with indices in Asia following the bearish sentiment.

Bitcoin Hits New Low: Market Turmoil and Analysis

Did you know? In previous market downturns, such as the 2020 pandemic onset, global stocks also experienced simultaneous declines, underscoring the interconnected nature of financial ecosystems.

Bitcoin’s price plunged to $76,457.52, marking its lowest since November 2024, as reported by CoinMarketCap. Bitcoin’s market cap is approximately $1.52 trillion, reflecting a market dominance of 63.04%. Over the past 24 hours, the cryptocurrency decreased by 7.62%, with a trading volume rise of 367.01%.

bitcoin-daily-chart-200 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 08:37 UTC on April 7, 2025. *Source: CoinMarketCap*

The Coincu research team suggests these fluctuations could motivate a shift toward regulatory scrutiny and innovations in risk mitigation, as investors seek more stable opportunities. They emphasize the importance of historical trends to inform future legislative and market strategies.