U.S. cryptocurrency stocks close sharply higher on the back of Trump's election victory

U.S. crypto stocks closed mostly with double-digit gains, buoyed by Donald Trump's landslide presidential election victory and Bitcoin's record high.
According to Google Finance, cryptocurrency exchange Coinbase Global, one of the largest donors this election cycle,
Global-COIN's stock price closed at $254.3 on the 6th, up 31.11%, marking a 62.1% increase this year.
Robinhood Markets, a popular exchange
Markets-HOOD) also rose 19.6% on the same day, with Bitcoin miner Mala Holdings
MARA Holdings (MARA, formerly Marathon Digital) also surged. MicroStrategy (MSTR), which holds Bitcoin, also
The stock closed up more than 13%.
Platforms-RIOT has 26%, CleanSpark-CLSK has 23%, and Hut 8 has 26%.
t 8-HUT) rose 11%. Traders are optimistic that Republicans will take control of Congress along with the White House, which could lead to the creation of two Republican-backed crypto assets.
This reflects the expectation that the proposed legislation will likely become law.