Bitcoin Holds Strong as Nasdaq, S&P 500 Slip Amid Market Turmoil

The recent stock market downturn, triggered by tariff concerns, has erased all gains in the Nasdaq 100 and S&P 500 since Donald Trump's early November election victory. Both indices have fallen over 2%, yet Bitcoin (BTC) remains in positive territory, surging more than 20% over the same period.

Market heavyweight Nvidia (NVDA), a key player in AI chip production, has tumbled over 20% since Trump’s win. In contrast, Meta Platforms (META) has defied the trend, climbing roughly 10% and emerging as the standout among the so-called "Magnificent Seven" tech stocks.

Meanwhile, MicroStrategy (MSTR), a major Bitcoin holder, has dropped more than 50% from its record high in November but still holds a 20% gain since the election.

Bitcoin’s recent performance, however, has not been without turbulence. The world’s leading cryptocurrency has slid nearly 20% from its pre-inauguration high of $109,000 on Jan. 20. Despite this pullback, BTC’s current price of $88,000 remains up 20% from its level just before the election, showcasing resilience amid broader market uncertainty.

As investors digest ongoing economic and political developments, Bitcoin’s strength relative to traditional equities reinforces its appeal as an alternative asset. Whether this momentum continues or falters remains a key question in the weeks ahead.