Trump wins US election, crypto stocks surge yesterday
After Trump won the election and Bitcoin hit a historic high, US cryptocurrency stocks rose sharply at the end of the trading day, with most gains reaching double digits.
Cryptocurrency exchange Coinbase Global Inc (COIN) was one of the largest donors during this election cycle, with the stock rising the most on November 6th, closing up 31.11% at $254.3, and up 62.1% year-to-date.
Robinhood Markets Inc (HOOD) also rose 19.6% that day;
BTC buyer MicroStrategy Inc (MSTR) also closed up more than 13%. Other US Bitcoin miners' stock prices also rose, with Riot Platforms Inc (RIOT) closing up 26%, CleanSpark Inc (CLSK) up 23%, and Hut 8 Corp (HUT) up 11%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
