Crypto Stocks Jump on Trump’s Victory

The stock market for United States cryptocurrencies saw significant gains at the end of the trading day, with most stocks experiencing double-digit increases.

This was fueled by Donald Trump’s sweeping election victory and the record-breaking high of Bitcoin. One of the largest donors during the election, Coinbase Global Inc., saw the biggest increase of over 30% and a year-to-date increase of 62.1%.

Other popular companies in the crypto market such as Robinhood Markets Inc. and MARA Holdings Inc. also saw significant jumps of 19% and 13%, respectively.

Bitcoin mining company MicroStrategy Inc. closed with a 13% increase. Other US-based Bitcoin miners also had substantial gains, with Riot Platforms Inc. rising by 26%, CleanSpark Inc. by 23%, and Hut 8 Corp by 11%.