After Trump won re-election, markets responded positively, especially within the cryptocurrency and financial sectors. Bitcoin reached a new high of over $75,000, and other digital assets like Ethereum and Dogecoin experienced significant gains. Trump’s shift towards a pro-crypto stance has boosted market sentiment, and his re-election brings optimism for regulatory changes in favor of digital currencies.
The crypto-related stocks also followed the upward trend, with Coinbase increasing by 22.7% and MicroStrategy rising by around 10%. Shares in Tesla surged by 15%, contributing to CEO Elon Musk’s net worth increase by roughly $14 billion. Financial stocks also benefited, with major banks like JPMorgan, Wells Fargo, and Goldman Sachs experiencing notable gains.
However, clean energy stocks took a hit due to Trump’s energy policies favoring fossil fuels. Overall, Trump’s re-election is shaping a new era in the cryptocurrency and financial sectors, with the market’s response reflecting widespread anticipation for a regulatory shift.
