Crypto Prices Jump, Will Funding Follow?
Crypto enthusiasts rejoiced Wednesday as former President Donald Trump seemed certain to reclaim the White House — and likely bring much more crypto-friendly policies to the federal government.
Prices of the two most popular cryptocurrencies soared, with Bitcoin jumping about 7% and flirting with $75,000 by midday and Ether climbing 9% to about $2,650.
Large public companies specializing in crypto also saw a nice bump, with shares of Coinbase popping 24% in midday trading.
The reaction was expected, as Trump positioned himself as the pro-crypto candidate early in the race. During the summer, Trump spoke at the biggest bitcoin conference of the year and promised the federal government would stop selling the Bitcoin…
