Coinbase’s stock surged by 5.9% during Monday’s trading session after a burst of trading volume and renewed inflows from institutional investors pushed Bitcoin and other cryptos’ prices higher, according to data from Google Finance.
The total market value of all crypto assets has surged by 2.5% to $3.86 trillion, led by Bitcoin reclaiming $113,000 and Ethereum rising by almost 3%.
In other news, BlackRock deposited about $206 million of Ethereum and $38 million of Bitcoin into Coinbase Prime, showing heavy institutional positioning on the exchange. Hester Peirce, an SEC Commissioner, said the United States is entering “a more constructive era for digital assets.” Meanwhile, the Federal Reserve restarted its rate‑cut cycle, something traders have long linked with more appetite for risk assets such as crypto and stocks tied to it.
Over the past twelve months, Coinbase stock has made 59 price moves bigger than 5%,…
