Bitcoin vaults to all-time peak as Trump election raises crypto excitement
LONDON/NEW YORK :Bitcoin surged to a record above $87,000 on Monday in a blistering rally amid expectations cryptocurrencies will thrive in a light-touch regulatory environment following the election of Donald Trump as U.S. president and pro-crypto candidates to Congress.
The world’s biggest and best-known cryptocurrency has more than doubled from the year’s low of $38,505 and was last at $87,079, up nearly 9 per cent from late on Sunday, having earlier touched a record high of $87,460.
U.S.-listed cryptocurrency stocks also surged, with crypto exchange Coinbase Global jumping 22 per cent and iShares Bitcoin Trust up 13 per cent.
Crypto miner Riot Platforms surged 19 per cent, while MicroStrategy, one of bitcoin’s biggest corporate…
