Coinbase Soars as Crypto Market Sky Rockets After Trump Win
Nov 6, 2024 By MarketDepth
Coinbase (COIN) is rocketing higher on Wednesday as the crypto market surges to all-time-highs. The pro-crypto candidate Donald Trump won the election and send the financial markets surging. Companies like Coinbase, Micro Strategy, Riot, and other crypto stocks have seen increased gains.
Bitcoin surged past $75,000 as the US Presidential election came to a close and victor emerging. The antipication and support from Elon Musk to Donald Trump sent Tesla stock higher as well.
Coinbase stock is up 26% on the day and over $100 a share on the year.
The company was a subject of positive expectations with Donald Trump as President as some dub him the “crypto” president. With Coinbase stock stuck in this range for an extended period of time has been sent higher as the crypto market inflates.
