The stock market’s Toldariff Tantrum in the past few weeks has seen the NASDAQ 100 and S&P 500 abandon all their winnings since the early November -choice victory for Donald Trump, even when Bitcoin (BTC) remains in positive territory.
Both equity meters are now more than 2% lower, while Bitcoin has risen over 20% in the same timeframe.
Market leader NVIDIA (NVDA), whose chips are in demand after use in AI, is, for example, lower by more than 20% since Trump’s triumph. On the flip side is Meta Platform’s (Meta) Strand Out stock in the so-called magnificent seven technology companies that have received approx. 10%.
While Bitcoin Buyer Strategy (MSTR) is down over 50% from its highest high in November, it stays up 20% since the election.
Although Bitcoin Bulls is certainly disappointed with the late price performance – the world’s largest cryptocurrency has fallen approx. 20% from $ 109,000 the day before Trump was inaugurated on January 20 – the current price of $ 88,000 has still risen approx. 20% from its level just before the November election.