The cryptocurrency market lost more than $ 1 trillion because of Donald Trump

Over the past 24 hours, more than a trillion dollars has disappeared from the global tech and cryptocurrency market. The sharp decline in asset values occurred amid new trade tariffs imposed by US President Donald Trump, which caused a wave of concern among investors.

The total market value of the six largest tech companies — Apple, Nvidia, Microsoft, Amazon, Alphabet, and Meta Platforms — fell by almost $ 985 billion. Apple lost the most — more than 9% per day. Amazon and Meta fell by 9% each, and Alphabet dropped by 6%.

The cryptocurrency sector also suffered significant losses. The price of bitcoin BTC $83,462.20 Bitcoin -0.55% Market capitalization $1.66 trillion VOL. 24 hours $0.76 billion dropped to $ 83,883, the lowest level since November 2024. Ethereum ETH $1,810.13 Bridged Ether (StarkGate) -0.27% Market capitalization $0.16 billion VOL. 24 hours $0.36 billion lost ground to $ 2,307, reaching its lowest level in six months. The total capitalization of the crypto market fell to $ 2.7 trillion.

The reason for the collapse, analysts say, is the expected increase in costs for companies that depend on international supply chains. Particularly vulnerable are the manufacturers of equipment that purchase components abroad. In addition, the impact of the tariffs may also affect the costs of advertising and new product development.

Despite the losses, some investors remain optimistic about the prospects for the tech industry. They see potential in the development of artificial intelligence, but recognize that short-term market volatility presents both risks and investment opportunities.