Bitcoin vaults to all-time peak as Trump election raises crypto excitement
By Samuel Indyk and Gertrude Chavez-Dreyfuss
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% 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% and iShares Bitcoin Trust up 13%.
Crypto miner Riot Platforms surged 19%, while MicroStrategy, one of bitcoin’s…
