The stock market crisis in the past few weeks has seen the Nasdaq 100 and the S&P 500 abandon all their earnings since the electoral victory in early November of Donald Trump even though Bitcoin (BTC) remains in positive territory.
The two action gauges are now more than 2% lower, while Bitcoin is up more than 20% in the same time.
The market leader Nvidia (NVDA), whose chips are in demand for use in AI, for example, is lower by more than 20% from Trump’s triumph. On the other hand, Meta Platforms (META) is the standard stock of so-called magnificent technological companies for seven people who have won around 10%.
While Bitcoin Buyer Strategy (MSTR) is down more than 50% compared to its top of all time in November, it remains up 20% from the elections.
Although Bitcoin bulls are surely disappointed with the price performance recently – the world’s largest cryptocurrency fell by around 20%, from $ 109,000 the day before Trump’s inauguration on January 20 – the current price of $ 88,000 is still up around 20% of its level just before the November elections.
