Crypto market adds $60 billion as U.S. stocks wipe $1.5 trillion in a day
On April 21 – Easter Monday – markets across the board made major moves, with stocks generally trading lower, while cryptocurrencies and gold surged. Indeed, U.S. stocks erased $1.5 trillion from their cumulative market capitalization during the day, with all major indices ending the session in the red. The S&P 500, for example, fell 2.38% from 5,282.70 points to 5,158.20 points, and the Nasdaq 100 dropped 2.46% from 18,258 to 17,808. S&P 500 and Nasdaq 100 one-day charts. Source: Google Simultaneously, the Dow Jones Industrial Average (DJIA) crashed 2.48% as it started the session at 39,142 and ended it at 38,170. The small-cap-oriented Russell 2000 also fell 2.14% to 1,840, down from 1,880. DJIA and Russell 2000 one-day charts. Source: Google Cryptocurrencies soar as stock market crashes Elsewhere, cryptocurrencies once again broke from their previous pattern of following equity as the total digital assets valuation rose from $2.67 ...