Coinbase and MicroStrategy are riding the $400bn crypto bonanza. Here’s why the market is pumping – DL News
- US crypto stocks continue to rally as Bitcoin crosses $84,000.
- The crypto market added $400 billion in value last week.
- Donald Trump’s victory continues to invigorate the market.
US crypto stocks surged on Monday as the cryptocurrency market heads toward its peak valuation above $3 trillion — buoyed by Bitcoin skyrocketing to a new $84,000 high.
The market’s largest digital currency has gained 94% this year.
Bradley Duke, head of Europe at crypto fund manager Bitwise, told DL News that Donald Trump’s election win is driving the surge.
“Investors see the Trump victory as a strong tailwind for crypto expecting it will usher in a golden age of crypto,” Duke said.
The Bitwise executive identified investor expectations of pro-crypto…
