Traders have seized on optimism that the more pro-crypto Republicans could also win a majority in Congress after the party won the Senate and the White House.
BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States.
Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.
Bitcoin could top $1 million per coin during Trump’s second term, according to historical price data.
The vast majority of Tether’s USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality.
Crypto exchange Coinbase’s shares closed the day 31% higher, leading gains among digital asset-related stocks.
Read more The blockchain industry might get a boost as former U.S. President Donald Trump wins a second term, promising to keep his promises, including a long list of Bitcoin- and crypto-related pledges.
Read more Quinn Thompson, the founder of crypto hedge fund Lekker Capital, shared with CoinDesk why he was so confident Trump would win despite concerning polls.
Read more If the prediction market’s traders are right – and lately, they’ve been right – the election results are even more bullish for crypto than they appear.
Read more Kelly Ye, portfolio manager at Decentral Park Capital and Andy Baehr, head of product at CoinDesk Indices, trade views, active manager vs indexer, on what steps are most important to shape the capital markets and investment landscape for digital assets in a post U.S. election world.
Read more