Following Donald Trump's reelection, Coinbase and other Bitcoin-related stocks have experienced significant surges. Coinbase, the largest crypto exchange in the U.S., saw a 31% increase, trading at $255 per share. The exchange has actively participated in the political landscape, investing heavily in pro-crypto candidates. MicroStrategy, a firm heavily involved in Bitcoin, also rose over 13%, with its stock reaching $258, bolstered by its substantial Bitcoin holdings valued at around $19 billion. Other Bitcoin mining companies like CleanSpark, Riot Platforms, and Marathon reported increases of over 21%. These gains come as Bitcoin prices are near an all-time high of approximately $75,767, and investors are optimistic about Trump's supportive stance towards the cryptocurrency industry, leading to overall positive sentiment in crypto-related stocks today.

Source 🔗