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CoinDesk 2025-03-07 08:46:37

U.S. Stocks Give Up Post-Trump Election Advance While Bitcoin Clings to Gain

The stock market tariff tantrum of the past few weeks has seen the Nasdaq 100 and S&P 500 give up all their gains since the early November election victory of Donald Trump even as bitcoin ( BTC ) remains in positive territory. Both equity gauges are now more than 2% lower, while bitcoin is up over 20% in the same time frame. Market leader Nvidia (NVDA), whose chips are in demand for uses in AI, for instance, is lower by more than 20% since Trump's triumph. On the flip side, Meta Platforms (META) is the stand out stock in the so-called magnificent seven technology companies having gained about 10%. While bitcoin buyer Strategy (MSTR) is down over 50% from its all-time high in November, it remains up 20% since the election. Though bitcoin bulls are surely disappointed in the price performance of late — the world's largest cryptocurrency has slumped about 20% from $109,000 the day before Trump was inaugurated on Jan. 20 — the current price of $88,000 is still up roughly 20% from its level just prior to the November election.

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