Bitcoin Holds Firm While U.S. Stocks Erase Post-Trump Election Gains
Since Donald Trump’s election victory in November, the S&P 500 has dipped 2%, while Bitcoin has surged 20%.
Mounting concerns over tariffs have triggered a selloff in equities, causing both the Nasdaq 100 and S&P 500 to lose all the gains they had accumulated since Trump’s win. Meanwhile, Bitcoin (BTC) has managed to stay in positive territory.
Both major stock indexes have dropped over 2% in the same timeframe, but Bitcoin has defied the broader market trend, maintaining a 20% gain.
Nvidia (NVDA), a leader in AI chip production, has suffered a steep 20% decline since Trump’s election. In contrast, Meta Platforms (META) has been a rare bright spot among the “Magnificent Seven” tech giants, posting a 10% gain.
MicroStrategy (MSTR), a major corporate holder of Bitcoin, has plunged more than 50% from its all-time high in November but remains 20% higher than its level at the time of Trump’s victory.
Despite Bitcoin’s recent slide—down about 20% from its $109,000 price on Jan. 20, the day before Trump’s inauguration—it still stands strong at $88,000, preserving a 20% gain from its pre-election price.
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