US Stock Markets Lose Ground After Trump Election, While Bitcoin Continues to Rise
James Van Straten | Edited by Sheldon Rebeck Updated Mar 7, 2025 9:08 AM UTC Published Mar 7, 2025 8:46 AM UTC
The recent rise in stock market rates in recent weeks has seen the Nasdaq 100 and S&P 500 indexes give up all of their gains since Donald Trump’s victory in early November, although Bitcoin (BTC) continues to remain in positive territory.
Both stock indices are currently down more than 2%, while Bitcoin has gained more than 20% over the same period.
Market leader Nvidia (NVDA), whose chips are in demand for AI applications, for example, has fallen more than 20% since Trump’s victory. Meanwhile, Meta Platforms (META) stands out among the so-called magnificent seven tech companies, up about 10%.
While the Bitcoin Buy Strategy (MSTR) has fallen more than 50% from its all-time high in November, it is still up 20% since the election.
While Bitcoin supporters are certainly feeling disappointed with the recent price action — the world’s largest cryptocurrency is down about 20% from $109,000 the day before Trump’s inauguration on January 20 — the current price of $88,000 is still about 20% higher than the level just before the November election.
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