Shares in Argo Blockchain have been among the biggest risers on the London stock market as crypto businesses rally on the back of an expected Trump presidential victory in the US.
The firm’s shares soared as much as 17% to 11p in the first hour of trade in London in one of their largest single-day rallies this year. Rises were also seen by other crypto and Web3 stocks including decentralised technologies investor Coinsilium, up 9.4%, and blockchain investor KR1, up 3%.
Bitcoin prices rose by more than 7% on Wednesday as it emerged Republican presidential candidate Donald Trump had a clear path to victory in the US general election. Trump, seen as the more crypto-friendly candidate, promising to make the United States the “bitcoin and cryptocurrency capital of the world” and announced in September that he would launch his own digital currency platform named World Liberty Financial....