Bitcoin Rises Above $90,000 as Rally Resumes on Trump Optimism; Canaan Rises 16%

Tiger Newspress

2024-11-13

A surge in Bitcoin that paused earlier Wednesday is regaining steam, sending the original cryptocurrency above $90,000 for the first time, as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto.

The digital asset is up more than 30% in the wake of Trump’s Nov. 5 election victory, reaching a record of $91,085 at 9:33 a.m. in New York with a more-than 3% gain for the day.

Crypto stocks gained in morning trading. Bitcoin Depot rose 20%; Canaan rose 16%; MicroStrategy rose 6%; Coinbase rose 2.4%.

Trump has pledged to create a friendly regulatory framework for crypto, set up a strategic Bitcoin stockpile and make the US the global hub for the industry. A onetime crypto skeptic, Trump reversed course after digital-asset companies spent heavily during election campaigning to promote their interests.

His stance spread optimism across crypto, lifting the value of the market to an all-time peak. But thorny questions remain about whether Trump and his Republican lawmakers will be focused first on larger matters like China policy and the US economy, pushing digital-asset legislation down the pecking order.

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Bitcoin Depot rose 20%; Canaan rose 16%; MicroStrategy rose 6%; Coinbase rose 2.4%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dff3a4049ffb886f6d9f2dd0eb718a9e\" tg-height=\"292\" tg-width=\"355\"/></p><p>Trump has pledged to create a friendly regulatory framework for crypto, set up a strategic Bitcoin stockpile and make the US the global hub for the industry. A onetime crypto skeptic, Trump reversed course after digital-asset companies spent heavily during election campaigning to promote their interests.</p><p style=\"text-align: start;\">His stance spread optimism across crypto, lifting the value of the market to an all-time peak. But thorny questions remain about whether Trump and his Republican lawmakers will be focused first on larger matters like China policy and the US economy, pushing digital-asset legislation down the pecking order.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MARA","symbol_name":"MARA Holdings","start_time":0,"source_url":"","article_id":"1171419976","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1171419976","pubTimestamp":1731509316,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"A surge in Bitcoin that paused earlier Wednesday is regaining steam, sending the original cryptocurrency above $90,000 for the first time, as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto.The digital asset is up more than 30% in the wake of Trump’s Nov. 5 election victory, reaching a record of $91,085 at 9:33 a.m. in New York with a more-than 3% gain for the day.Crypto stocks gained in morning trading. Bitcoin Depot rose 16%; Canaan ro","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MARA":"MARA Holdings","COIN":"Coinbase Global, Inc.","RIOT":"Riot Platforms","CLSK":"CleanSpark, Inc.","MSTR":"Strategy","BITF":"Bitfarms Ltd.","BTBT":"Bit Digital, Inc."},"translate_title":"特朗普乐观情绪推动反弹，比特币升破9万美元；迦南上涨16%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITF":1.1,"BTBT":1.1,"CLSK":1.1,"COIN":1.1,"MARA":1.1,"MSTR":1.1,"RIOT":1.1},"content_text":"A surge in Bitcoin that paused earlier Wednesday is regaining steam, sending the original cryptocurrency above $90,000 for the first time, as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto.The digital asset is up more than 30% in the wake of Trump’s Nov. 5 election victory, reaching a record of $91,085 at 9:33 a.m. in New York with a more-than 3% gain for the day.Crypto stocks gained in morning trading. Bitcoin Depot rose 20%; Canaan rose 16%; MicroStrategy rose 6%; Coinbase rose 2.4%.Trump has pledged to create a friendly regulatory framework for crypto, set up a strategic Bitcoin stockpile and make the US the global hub for the industry. A onetime crypto skeptic, Trump reversed course after digital-asset companies spent heavily during election campaigning to promote their interests.His stance spread optimism across crypto, lifting the value of the market to an all-time peak. But thorny questions remain about whether Trump and his Republican lawmakers will be focused first on larger matters like China policy and the US economy, pushing digital-asset legislation down the pecking order.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}