Trump’s Victory Spurs Over 10% Surge in Cryptocurrency Company Stocks

donald trump crypto mining pump

The market capitalization of companies associated with digital assets has increased by more than 10% in pre-market trading, following Bitcoin’s new all-time high surpassing $75,000. Donald Trump’s victory in the U.S. presidential election has been a key driver of this growth.

As of this writing, major cryptocurrency companies have shown significant gains:

MicroStrategy rose by 13.1%.

Coinbase increased by 19.1%.

Active growth is also observed among mining companies:

Marathon Digital Holdings climbed by 11%.

Riot Platforms up by 11.7%.

Iris Energy (IREN) increased by 13.6%.

Shares of Tesla, owned by Elon Musk, also demonstrated positive dynamics, rising by 14.4%.

Earlier, it was reported that some traders on Polymarket made profitable investments betting on Trump’s victory.