SOL - Record Week in Crypto: Coinbase and Bitcoin Drive New Highs
2024-03-01 13:26:39 ET
It's been a great week for the crypto industry and it seems like every major stock and token is up double digits. There's positive news from exchange-traded fund (ETF) inflows and Bitcoin (CRYPTO: BTC) reaching new all-time highs , but it's really sentiment and speculation that's driving the market. Crypto has long been correlated with high-growth stocks and the last few weeks have been great for that segment of the market.
According to data provided by S&P Global Market Intelligence , Coinbase Global (NASDAQ: COIN) jumped as much as 23.6% this week, Cardano (CRYPTO: ADA) was up 17.6%, and Solana (CRYPTO: SOL) popped as much as 35.3%. At 12:30 p.m. ET on Friday, values were up 22.9%, 15.5%, and 29.3% for the week.
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Record Week in Crypto: Coinbase and Bitcoin Drive New Highs