Stock in the cryptocurrency exchange Coinbase surged on Monday, rallying alongside Bitcoin, ether, and other digital assets. Analysts see more room for gains.
Coinbase (ticker: COIN) shares jumped 7% in early New York trading, while Bitcoin, the leading cryptocurrency, rose 6.5% over the past 24 hours to above $47,500, erasing double-digit year-to-date losses. Ether was up 7% to near $3,400, reaching its highest level since early January. Tokens including solana, cardano, dogecoin, and Shiba Inu took off as well.
Coinbase,…
Source: https://www.barrons.com/articles/coinbase-stock-bitcoin-ether-51648482379?siteid=yhoof2&yptr=yahoo