COIN - Coinbase Shares Are Surging: What's Going On? | Benzinga
Coinbase Global Inc. (NASDAQ:COIN) shares are moving higher Tuesday afternoon, coinciding with upward movement in the price of Bitcoin (CRYPTO: BTC). Here’s a look at what’s going on.
What To Know: Bitcoin, the largest cryptocurrency by market cap, has climbed approximately 2% in the past 24 hours and is currently hovering around $70,500. Bitcoin is now up more than 4.25% over the past week, according to Benzinga Pro.
The positive momentum across crypto markets may be spurring some of the buying in crypto-related stocks, including Coinbase, which was up about 6% at last check. Coinbase operates the leading cryptocurrency exchange platform ...