Crypto Stocks Skyrocket Post-Election, Boosting Coinbase and MicroStrategy

Cryptocurrency-related investments surged following Donald Trump's presidential election victory, with Bitcoin reaching an all-time high of over $88,000. MicroStrategy, the largest corporate holder of Bitcoin, announced a $2.03 billion purchase of 27,200 bitcoins, boosting its shares by 25%. The excitement also lifted shares of companies like Robinhood, Coinbase, and Marathon Digital, as well as crypto ETFs such as iShares Bitcoin Trust and Grayscale Bitcoin Trust. The total cryptocurrency market cap is nearing $3 trillion.