CandleFocus

Coinbase, Bitcoin Mining Stocks Soar After Trump Win

Investors in cryptocurrency-related companies are experiencing significant gains following the projected win of Donald Trump for a second term. Coinbase, America's largest crypto exchange, saw its stock surge over 31% to $255 per share. Coinbase had actively supported pro-crypto Senate and House candidates during the election cycle, contributing millions to their campaigns. MicroStrategy, a Bitcoin development company, also saw its shares rise over 13% to $258. The firm holds a substantial amount of Bitcoin, which is currently valued at over $19 billion. Additionally, Bitcoin mining companies like CleanSpark, Riot Platforms, and Marathon witnessed significant increases in their stock prices. Investors are optimistic that Trump will fulfill his promises to protect the crypto industry.

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