Trump’s Victory Spurs Over 10% Surge in Cryptocurrency Company Stocks

The market capitalisation of companies linked to the digital asset industry rose by more than 10% in pre-market trading following Bitcoin’s ascent to a new ATH above $75,000. The catalyst was Donald Trump’s victory in the US presidential election.

At the time of writing, shares of MicroStrategy had increased by 13.1%, while Coinbase saw a rise of 19.1%.

Mining companies are also strengthening their positions:

• Marathon Digital Holdings — 11%;
• Riot Platforms — 11.7%;
• IREN — 13.6%.

Elon Musk’s Tesla shares are also outperforming the market, with a price increase reaching 14.4%.

Earlier, it was reported about the beneficiaries of Trump’s victory among Polymarket traders.

ForkLog previously gathered opinions from crypto industry participants regarding the prospects of the digital asset market following the US presidential election.