{"id":40915,"date":"2024-11-07T08:08:53","date_gmt":"2024-11-07T08:08:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-stocks-and-bitcoin-spike-after-harris-congratulates-trump\/"},"modified":"2024-11-07T08:08:53","modified_gmt":"2024-11-07T08:08:53","slug":"crypto-stocks-and-bitcoin-spike-after-harris-congratulates-trump","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-stocks-and-bitcoin-spike-after-harris-congratulates-trump\/","title":{"rendered":"Crypto Stocks and Bitcoin Spike After Harris Congratulates Trump"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Crypto stocks and assets had a notable surge<\/a> after Donald Trump\u2019s surprising win in the U.S. presidential election. On November 6, market confidence in a \u201cTrump trade\u201d scenario propelled Bitcoin beyond the $75,000 level. This trade mentality is predicated on the idea that a Republican victory would result in a robust market rally, which would be particularly advantageous for the cryptocurrency industry.<\/p>\n

The emergence of digital assets was not limited to Bitcoin. While Solana edged closer to $190, Ethereum had a spectacular surge, reaching almost $2,700. As the cryptocurrency market adopted an optimistic view, even Dogecoin, which has seen volatility in recent months, rose beyond $0.20, suggesting a resurgence of interest in altcoins<\/a>.<\/p>\n

Crypto-related Stocks See Significant Gains<\/h2>\n

Major stocks tied to cryptocurrency, such as Coinbase, MicroStrategy, and Riot Platforms, also experienced sharp increases in pre-market and regular trading. After Vice President Kamala Harris extended her congratulations to Trump, Coinbase shares rose by 30%, closing at $253.58\u2014a 50% increase in a month and a nearly 200% jump over the past year. MicroStrategy, known as the largest corporate holder of Bitcoin, climbed almost 13% for the day, showing an impressive 40% increase over the last month and delivering a substantial 460% return in the past year.<\/p>\n

Notable increases were also observed in other Bitcoin mining-related businesses. Riot Platforms (RIOT) saw a 21% increase, while Marathon Digital (MARA) saw a 19% increase. CleanSpark\u2019s (CLSK) 20% increase and Hut 8\u2019s (HUT) 9% increase were bolstered by their impressive quarterly results.<\/p>\n

Cryptocurrency trading websites like Block Inc. and Robinhood also saw notable increases. Investor excitement over Trump\u2019s second term and possible crypto-friendly legislation drove a 20% surge in Robinhood\u2019s shares and a 7% increase in Block Inc. (SQ).<\/p>\n

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177% up to 5BTC + 77 Free Spins<\/strong>!<\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The cryptocurrency industry may continue to gain from positive trading attitude in the near future due to strong market momentum and resurgence of interest in digital assets.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Crypto stocks and assets had a notable surge after Donald Trump\u2019s surprising win in the U.S. presidential election. On November 6, market confidence in a \u201cTrump trade\u201d scenario propelled Bitcoin beyond the $75,000 level. This trade mentality is predicated on the idea that a Republican victory […]<\/p>\n","protected":false},"author":35,"featured_media":40916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40915"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=40915"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/40916"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=40915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=40915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=40915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}