**Crypto Stocks Surge Amid Trump’s Rising Election Odds**
Crypto stocks rallied on July 15, driven by former President Donald Trump’s increasing chances of winning the 2024 U.S. presidential election. Key mining stocks saw significant gains: Marathon Digital (MARA) up 17%, Riot Platforms (RIOT) up 16%, and CleanSpark (CLSK) up 16.2%.
- Coinbase (COIN) shares rose 11.4%.
- MicroStrategy (MSTR) surged 16.7%.
The rally was fueled by a thwarted assassination attempt on Trump, boosting his odds on betting platforms. Trump’s potential re-election is seen as bullish for crypto.
Additionally, the German government’s completion of Bitcoin sales on July 12 reduced selling pressure, aiding the price surge. Bitcoin ETFs saw large inflows, with $1.35 billion in capital, mainly from U.S. investors. BlackRock CEO Larry Fink’s endorsement of Bitcoin as “digital gold” further bolstered confidence.
US-based miners are holding onto Bitcoin, anticipating future price increases.