Bitcoin retains its gains as U.S. stocks surrender post-Trump election rally.
U.S. Stocks Wipe Out Post-Trump Election Gains While Bitcoin Holds Strong
Since Donald Trump’s election victory in November, the S&P 500 has declined by 2%, while Bitcoin has surged 20%.
The recent stock market turmoil, fueled by tariff concerns, has erased all gains in the Nasdaq 100 and S&P 500 since Trump’s win. Despite this downturn, Bitcoin (BTC) continues to hold onto its positive momentum.
Both major equity indexes have dropped more than 2% during this period, while Bitcoin remains up over 20%.
Leading AI chipmaker Nvidia (NVDA) has taken a significant hit, plunging over 20% since Trump’s election. Meanwhile, Meta Platforms (META) has stood out among the so-called “Magnificent Seven” tech giants, climbing around 10%.
Bitcoin-heavy investor MicroStrategy (MSTR) has also faced challenges, dropping more than 50% from its all-time high in November. However, since Trump’s election, the stock remains up by 20%.
While Bitcoin enthusiasts may be frustrated with its recent pullback—down roughly 20% from its $109,000 price on Jan. 20, the day before Trump’s inauguration—it is still trading at $88,000, maintaining a solid 20% gain from its pre-election levels.
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