Coinbase stock price soars to the highest level since March 2022
Strong financial results provide tailwind
The stock price of Coinbase (COIN), the largest US virtual currency exchange, has returned to the March 2022 level, +8.8% from the previous day. Strong financial results appear to have accelerated buying.
Source: Tradingview
COIN is currently trading at $180.3, with a significant increase/decrease rate of +27% this week. The all-time high was $429.5 when it went public in April 2021.
Click here for the background and factors behind the soaring stock price:
In addition, Coinbase’s stock price increased five times in 2023 as the price of virtual currencies recovered from the FTX bankruptcy, significantly exceeding the price of Bitcoin by 2.5 times.
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https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU— CoinPost (virtual currency media) (@coin_post) December 21, 2023
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