When the US markets commence trading on Tuesday. This surge is propelled by an outstanding performance of Bitcoin, the leading cryptocurrency, and a primary asset for Coinbase.
Being the top US-regulated crypto exchange and ranking second after Binance, Coinbase’s stock movements often mirror those of Bitcoin.
Therefore, it’s predictable to see Coinbase’s shares rising by 8% during pre-market transactions, in response to Bitcoin’s remarkable double-digit growth on Monday, maintaining its momentum into Tuesday.
Even though Bitcoin has pulled back from its 17-month peak reached during Asia’s trading time, its BTC/USDT rate stands solidly over $34,000, surpassing its 200-day trendline by over $6,000.
On Tuesday morning, Bitcoin (BTC) reached a 17-month peak, propelled by one of its strongest Mondays in history. This surge came as the market processed uplifting news from both Grayscale and BlackRock, the world’s biggest asset manager.
