Data: U.S. stocks erase gains after Trump's victory, Bitcoin still maintains a 20% increase
ChainCatcher news, according to CoinDesk, since President Trump won the U.S. election last November, the S&P 500 index has fallen by 2%, while Bitcoin has risen by 20%. Concerns over tariffs in recent weeks have erased all gains in the Nasdaq 100 and S&P 500 indices since Trump's election, but Bitcoin still maintains positive returns.
Market leader Nvidia (NVDA) has fallen more than 20% since Trump's victory, while Meta Platforms (META) has been a standout among the "Tech Seven," rising about 10%. Bitcoin buyer Strategy (MSTR), although down more than 50% from its historical high in November, is still up 20% compared to before the election.
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