Bitcoin Defies Market Slump as U.S. Stocks Erase Post-Trump Election Gains
Since Donald Trump’s election victory in November, the S&P 500 has fallen 2%, while Bitcoin has surged 20%.
The recent stock market downturn, driven by tariff concerns, has erased all the gains the Nasdaq 100 and S&P 500 had built since Trump’s win. However, Bitcoin (BTC) has remained resilient, staying in positive territory.
While both major stock indexes have declined more than 2%, Bitcoin has bucked the trend, holding onto a 20% increase.
AI chip leader Nvidia (NVDA) has taken a heavy hit, dropping over 20% since the election, whereas Meta Platforms (META) has been a rare winner among the “Magnificent Seven” tech stocks, climbing roughly 10%.
MicroStrategy (MSTR), known for its substantial Bitcoin holdings, has plunged more than 50% from its November peak but is still up 20% since Trump’s election.
Despite Bitcoin’s recent pullback—falling nearly 20% from its $109,000 price on Jan. 20, just before Trump’s inauguration—it remains strong at $88,000, securing a 20% gain from its pre-election level.
