Trump's victory in the 2024 presidential election pushed bitcoin to a new high of about $76,000, while the US stock market closed higher on Wednesday. Coinbase shares jumped 31%, and a number of bitcoin mining companies including Cipher Mining, Riot Platforms and others rose more than 20%. The Robinhood platform recorded record overnight trading volume, with the three most popular trading stocks being Coinbase, MicroStrategy and IBIT. In addition, BlackRock's IBIT Bitcoin ETF reached $1 billion in the early stage of regular trading, which attracted market attention.