Bitcoin, Meme Coins, Coinbase Soar On Donald Trump Win Even As Trump-Themed Tokens Implode
Bitcoin, meme coins and Coinbase shares soared after Donald Trump won the US election, even as tokens linked to the incoming president nosedived. JUST IN 🚨: Coinbase $COIN soars by more than 30%, its largest gain in history 📈 pic.twitter.com/L7QuNzWAuS — Barchart (@Barchart) November 6, 2024 BTC soared more than 10% f rom an opening price of $67,850.01 yesterday to trade at $74,756.42 as of 2:40 a.m. EST. Meanwhile, meme coins stole the show with a 13% surge in their collective market cap. And the post-election gains were not limited to crypto tokens, with the share price of Coinbase, the leading US crypto exchange, soaring over 31% during yesterday’s trading session. Small-Cap Meme Coins Rally After Donald Trump Win Smaller-cap meme coins were the top gainers in the lighthearted sector of the crypto market. Following an impressive 301% gain, AMATERASU OMIKAMI (OMIKAMI) claimed the title of the best 24-hour performer in the meme coin market....