Crypto Coins Soar After Trump's Win, Bitcoin Hits New Record

Bitcoin and other cryptocurrencies saw a significant surge on Monday, with Bitcoin reaching a new high of $84, 211. 50. This rally follows Donald Trump's recent election victory, which has sparked "euphoria" in the crypto market. Susannah Streeter, head of money and markets at Hargreaves Lansdown, attributed this surge to Trump's pro-crypto stance. He has promised to make the U. S. the "crypto capital of the world" and to replace the current SEC chairman, Gary Gensler, known for his tough approach towards cryptocurrencies.Other cryptocurrencies like Ether and Dogecoin also showed notable gains, with Ether climbing back above $3, 000 and Dogecoin rising nearly 8%. Companies such as Coinbase and MicroStrategy also benefited from this crypto boom, with their shares surging by 15% and 12%, respectively.