Crypto Related Stocks Like Coinbase, Marathon Digital And Others Surge After Trump's Pro-Bitcoin Comments
Portfolio Pulse from Anusuya Lahiri
Crypto-related stocks surged after Donald Trump expressed support for Bitcoin and promised favorable regulations. Coinbase, Marathon Digital, Bitfarms, Riot Platforms, and CleanSpark saw significant gains. Trump also pledged to create a national Bitcoin stockpile and fire SEC Chair Gary Gensler. Analysts view a potential Trump presidency as positive for the crypto market.
July 29, 2024 | 12:23 pm
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POSITIVE IMPACT
Bitfarms shares increased by 4-5% following Trump's pro-Bitcoin comments and regulatory promises.
Bitfarms saw a stock price increase due to Trump's supportive stance on Bitcoin and promises of favorable regulations.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
ProShares Bitcoin Strategy ETF is likely to benefit from Trump's pro-Bitcoin comments and regulatory promises.
ProShares Bitcoin Strategy ETF is expected to benefit from increased investor interest in Bitcoin following Trump's supportive comments and regulatory promises.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
CleanSpark shares increased by 4-5% following Trump's pro-Bitcoin comments and regulatory promises.
CleanSpark saw a stock price increase due to Trump's supportive stance on Bitcoin and promises of favorable regulations.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Coinbase shares climbed over 4% following Trump's pro-Bitcoin comments and promises of favorable regulations.
Trump's support for Bitcoin and promise of favorable regulations directly benefit Coinbase, leading to a significant stock price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
iShares Bitcoin Trust is likely to benefit from Trump's pro-Bitcoin comments and regulatory promises.
iShares Bitcoin Trust is expected to benefit from increased investor interest in Bitcoin following Trump's supportive comments and regulatory promises.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Marathon Digital shares rose over 4% after Trump's supportive statements on Bitcoin and regulatory promises.
Marathon Digital benefits from Trump's pro-Bitcoin stance and regulatory promises, resulting in a notable stock price increase.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Riot Platforms shares saw a 4-5% increase after Trump's pro-Bitcoin comments and regulatory promises.
Riot Platforms benefited from Trump's pro-Bitcoin stance and regulatory promises, leading to a stock price increase.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80