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‘Trump trade’ returns for second week as bitcoin, Tesla, stocks surge

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Cryptocurrencies and stocks, including Tesla, rallied Monday, picking up where they left off last week in the wake of the President-elect Donald Trump’s victory.

The price of bitcoin hit an all-time high of more than $88,000, a rally that started shortly after Trump was declared the winner of the election. That’s up from $68,000 — a gain of 27% — just since last Tuesday, Election Day in the U.S.

Year to date, the price of bitcoin has nearly doubled.

This post appeared first on NBC NEWS

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