From Nasdaq:

Cryptocurrencies, including Bitcoin and Ethereum, surged on Monday, with Bitcoin hitting over $53,000 for the first time since November 2021. Ethereum jumped 8.3%, NEAR Protocol soared 21.3%, and Coinbase rose 16.9%. Bitcoin miners Marathon Digital and Riot Platforms also saw significant gains, reflecting a broader market rally.

Ethereum is set for an upgrade called Dencun in mid-March, aiming to enhance throughput and reduce costs on the blockchain. Grayscale sees this as a positive catalyst for Ethereum’s long-term prospects, potentially leading to approval for an exchange-traded fund. Near Protocol’s surge is attributed to industry speculation.

Bitcoin mining stocks are experiencing a notable increase in response to the rising price of Bitcoin. These companies benefit from both mining revenue and Bitcoin holdings on their balance sheets, providing a dual leverage effect. This trend is driven by the current market dynamics and price appreciation of Bitcoin.

Coinbase, a leading cryptocurrency exchange, is riding the wave of market momentum. The company’s diversified offerings, including wallets, Base blockchain, and cloud tools, position it well to benefit from increased blockchain activity. This trend underscores the potential for Coinbase to be a disruptive force in the crypto industry.

Signs point to the end of the crypto winter, with heightened trading, valuation growth, and increased industry development. Ethereum’s upgrades are crucial for expanding its utility and use cases, hinting at a potential market shift towards more blockchain activity. Coinbase is highlighted as a prime investment option for capitalizing on the crypto recovery.



Read more at Nasdaq: Why Coinbase and Crypto Are Popping Today