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.
On Tuesday morning, #Bitcoin 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
Although the #BTC/#USDT trading pair faced a… https://t.co/cNBbdyA7PH pic.twitter.com/CNMnNVn6RO
— Share_Talk ™ (@Share_Talk) October 24, 2023
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.
