Data: U.S. stocks erase gains after Trump's election victory, Bitcoin still maintains 20% growth
ChainCatcher reports, according to CoinDesk, that since President Trump won the US election in November last year, the S&P 500 index has fallen by 2%, while Bitcoin has risen by 20%. Concerns about tariffs in recent weeks have wiped out all gains in the Nasdaq 100 Index and S&P 500 Index 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) is a bright spot among the "tech seven giants", rising about 10%. Although Bitcoin buyer Strategy (MSTR) has fallen more than 50% from its historical high point in November, it is still up by 20% compared to before the election.
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