Bitcoin reached a new all-time high of over $76,000 following the results of the U.S. presidential election, where Donald Trump was declared the winner. This surge in Bitcoin's value also positively affected crypto stocks, with shares of Coinbase increasing by 30% to $253 and approaching a 52-week high. The market excitement is largely attributed to Trump's perceived pro-crypto stance, including promises to remove SEC Chair Gary Gensler, which could potentially benefit Coinbase in its ongoing legal issues with the SEC. Other crypto-related stocks such as Marathon and Riot also saw significant gains of about 18% and 20%, respectively. CoinShares CEO Jean-Marie Mognetti highlighted that the GOP’s focus on clear crypto regulations and viewing Bitcoin as a strategic asset could significantly boost industry growth, indicating a potential shift towards greater U.S. crypto adoption.

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