Crypto-Related Investments Surge on Trump Win, MicroStrategy Buy
Key Takeaways
- Investments tied to cryptocurrencies surged as the excitement over Donald Trump’s victory in the presidential election continued.
- Bitcoin traded at yet another all-time high, surpassing $88,000.
- MicroStrategy, the biggest corporate holder of bitcoin, announced it had just paid $2.03 billion to purchase another 27,200 bitcoin.
The cryptocurrency euphoria that followed Donald Trump’s victory in the U.S. presidential election continued Monday, with everything tied to the digital currency industry powering ahead.
Bitcoin once again traded at an all-time high, ealier surpassing $88,000. Shares of companies in the sector, including Robinhood Markets (HOOD), Coinbase Global (COIN), Riot Platforms (RIOT), and Marathon Digital…
