Crypto-Related Investments Surge on Trump Win, MicroStrategy Buy | Global News Avenue

The cryptocurrency frenzy following Donald Trump’s victory in the US presidential election continued on Monday, with everything related to the digital currency industry booming.

Bitcoin trading prices once again hit a new all-time high, briefly exceeding $88,000. Stocks of companies in the industry, including Robinhood Markets (hood), Coinbase Global (coin), anti-riot platform (riot) and Marathon Digital parent company MARA Holdings (Mara), all rose, with Marathon rising by about 30%.

cryptocurrency Exchange Traded Funds (ETFs)such as iShares Bitcoin Trust (it will go) and Grayscale Bitcoin Trust (GBTC), also achieved double-digit growth.

Trump Says He Wants the U.S. to Become the “Cryptocurrency Capital of the Earth”

The enthusiasm has been fueled by Trump’s previous comments in favor of cryptocurrencies, at one point saying he wanted the United States to become the “crypto capital of the planet.”

Additionally, MicroStrategy (Magnetic transmission technologyThe largest corporate holder of Bitcoin announced the purchase of an additional 27,200 Bitcoins for $2.03 billion. MicroStrategy shares closed the day up 25%.

The total market capitalization of cryptocurrencies recently approached $3 trillion, according to CoinMarketCap.