Coinbase Stock Soars To New Historic High, Here’s Why
The post Coinbase Stock Soars To New Historic High, Here’s Why appeared on BitcoinEthereumNews.com. Coinbase stock price just concluded one of its most exciting weeks characterized by impressive bullish activity. The stock’s performance was a reflection of the latest excitement in the crypto market. The Coinbase stock surged as high as $437 which was equivalent to a 6.9% weekly upside, but it had retreated to a $419 press time price tag. This recent peak also underscored a 69% YTD upside, and more importantly, it meant that the stock was in price discovery territory. Coinbase stock price/ source: Google Finance The YTD gain was especially noteworthy because it underscored the robust institutional appeal evident by strong ETF inflows. The Coinbase stock rally also demonstrated direct correlation with Bitcoin’s impressive run especially in the last 3 months during which it pushed into new ATHs. COIN stock price performance was a reflection of the industry’s performance. The surging demand for the stock confirmed that investors especially in the institutional segment were eager to secure exposure to the recent growth in the crypto market. Coinbase CEO Brian Armstrong Chimes in on GENIUS Act Impact President Trump recently passed the GENIUS act and Coinbase CEO Brian Armstrong was one of the few crypto executives present at the White House during the event. He described the recently passed act as a validation for the crypto community and expressed his advocacy for the bill. Moreover, Armstrong described the GENIUS act as a financial revolution for America, underscoring its importance in the financial industry. This was a nod to the idea that the crypto industry may become the next upgrade for the traditional financial industry which previously remained unchanged for decades. The last time that the financial industry received a significant upgrade was its integration with the age of the internet. This recently passed regulation now paves the way for the industry…
The post Coinbase Stock Soars To New Historic High, Here’s Why appeared on BitcoinEthereumNews.com.
Coinbase stock price just concluded one of its most exciting weeks characterized by impressive bullish activity. The stock’s performance was a reflection of the latest excitement in the crypto market. The Coinbase stock surged as high as $437 which was equivalent to a 6.9% weekly upside, but it had retreated to a $419 press time price tag. This recent peak also underscored a 69% YTD upside, and more importantly, it meant that the stock was in price discovery territory. Coinbase stock price/ source: Google Finance The YTD gain was especially noteworthy because it underscored the robust institutional appeal evident by strong ETF inflows. The Coinbase stock rally also demonstrated direct correlation with Bitcoin’s impressive run especially in the last 3 months during which it pushed into new ATHs. COIN stock price performance was a reflection of the industry’s performance. The surging demand for the stock confirmed that investors especially in the institutional segment were eager to secure exposure to the recent growth in the crypto market. Coinbase CEO Brian Armstrong Chimes in on GENIUS Act Impact President Trump recently passed the GENIUS act and Coinbase CEO Brian Armstrong was one of the few crypto executives present at the White House during the event. He described the recently passed act as a validation for the crypto community and expressed his advocacy for the bill. Moreover, Armstrong described the GENIUS act as a financial revolution for America, underscoring its importance in the financial industry. This was a nod to the idea that the crypto industry may become the next upgrade for the traditional financial industry which previously remained unchanged for decades. The last time that the financial industry received a significant upgrade was its integration with the age of the internet. This recently passed regulation now paves the way for the industry…
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