From Investing.com

November 11, 2024 9:30:45 pm:

Bitcoin surged to nearly $90,000, up over 25% since the U.S. election. Investors believe Trump’s presidency will be crypto-friendly, driving gains in Tesla and crypto stocks. Trump’s support for digital assets led to a surge in crypto mining and trading. Crypto miner stocks like Riot Platforms and MARA Holdings rose significantly.

MicroStrategy announced a $2 billion bitcoin purchase, boosting shares by 26%. Ether and dogecoin also saw gains. Crypto investors expect less SEC scrutiny under Trump, who plans to replace Gary Gensler. Trump’s new crypto business, World Liberty Financial, signals growing acceptance of bitcoin as a stable asset.

Read more at Investing.com: Record-breaking bitcoin rally nears $90,000 on Trump boost By Reuters