U.S. Stock Market Loses Over $1 Trillion—Is Bitcoin About to Follow?

U.S. stock markets saw a staggering wipeout, losing over $1 trillion in market value as soaring inflation and sweeping new trade tariffs triggered widespread investor panic. The Dow plunged 1.2%, the S&P 500 slid 1.6%, and the Nasdaq dropped 2.2%, contributing to the multi-hundred-billion-dollar decline across equities.

Against this backdrop, Bitcoin also came under pressure—dipping shortly below $130,000 USD, with reports indicating a sharp move past the $115,000 level as markets turned risk-averse.

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According to Coinglass data, more than $1 billion in liquidations occurred across the crypto derivatives market within the past 24 hours, intensifying the downturn. The liquidation wave wiped out both long and short positions as investors scrambled amid the volatility.

WatcherGuru tweeted @WatcherGuru:

“JUST IN: $1.11 trillion wiped out from US stock market today.”

JUST IN: $1.11 trillion wiped out from US stock market today. pic.twitter.com/F82IKy2lxJ

— Watcher.Guru (@WatcherGuru) August 1, 2025

This is a developing story. BeInCrypto will continue to provide updates as more information becomes available.

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