BUZZ-Crypto stocks jump as bitcoin leaps to record on 'Trump trade' boost-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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BUZZ-Crypto stocks jump as bitcoin leaps to record on 'Trump trade' boost

Reuters11-06

** Shares of cryptocurrency and blockchain-related companies rise premarket as Republican Donald Trump claims victory in the 2024 presidential contest

** Trump has positioned himself as crypto-friendly and in recent months trades in the sector have been closely linked with odds of him returning to the White House

** Bitcoin , the world's biggest cryptocurrency, last up 6.7% after hitting a record high of $75,389 in Asia trade

** "Bitcoin has just hit a new record high, hitting $75,000 as the market continues to price in a Donald Trump victory in the US elections," said Josh Gilbert, market analyst at eToro

** Crypto exchange Coinbase Global rises 10%, while blockchain farm operator Bitfarms Ltd up 11.6% premarket

** "The prospect of a Trump victory is seen by some as a catalyst for this surge, driven by expectations of a business-friendly agenda and potential regulatory shifts," says Mena Theodorou, co-founder at crypto exchange Coinstash

** Crypto miners: Riot Platforms Inc Marathon Digital , U.S.-listed shares of Hut 8 , and Bit Digital up 10% - 12% before the bell

** Software firm and BTC buyer MicroStrategy gain 11% premarket

** BTC has surged ~76% YTD

(Reporting by Manya Saini in Bengaluru)

((Manya.Saini@thomsonreuters.com))

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