Web trading stock price Cryptocurrency Coinbase is up 69% since hitting an all-time low. and other crypto-related stocks and business intelligence firms. MicroStrategy
Coinbase’s stock price dropped as low as $31.95 on Jan. 6, before rising to $54.14 at the close of trading on Jan. 17.
The soaring share price should come as a huge relief for Coinbase executives after a 2022 slash of 20% of its workforce and the decision to end operations in Japan. But despite the rapid increase in stock prices But the price is still more than 84% below its all-time high.
Other crypto-related stocks such as MicroStrategy And digital payment company Block Inc. posted strong earnings in the new year as well.
by the stock price of MicroStrategy It rose to nearly $236 from its low of $135 on Dec. 29, representing a more than 74% increase, while Jack Dorsey’s Block stock price is up 27% from the day’s low below $59. On December 28, it’s over $75.
Mining stocks Bitfarms and Marathon Digital Holdings rose 140% and 120% respectively in the first two weeks of the year.
Crypto ETFs have also rebounded, with the Valkyrie Bitcoin Miners ETF (WGMI) more than doubling from as low as $4 on Dec. 28 to more than $8.
The ProShares Bitcoin Strategy ETF (BITO) also rose from $10 on Dec. 28 to its current price of around $13.
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