Crypto Rallies as Trump Emerges Victorious
Donald Trump’s victory at the polls, which saw him secure both the Electoral College and popular vote, has sparked a remarkable surge in digital asset prices, with Bitcoin reaching an all-time high above $76,000, and the broader crypto market capitalization soaring by 4.5% to $2.54 trillion, per CoinMarketCap data.
The S&P 500 also had it’s best post-election day in history, closing 2.5% higher and bringing its year-to-date growth to 29%.
Pro-Crypto Turnaround
After a year of pivoting on his stance towards digital currencies, Trump’s victory has been interpreted as a major win for the crypto industry. While previously known for his skepticism about Bitcoin, Trump has reversed course in recent months, vowing to make the US a global…
