From Barchart: 2025-05-22 16:48:00

Shares of Coinbase (NASDAQ:COIN) surged 6.6% as Bitcoin hit a new all-time high above $110,000, prompting a rally in digital asset-related stocks. This reflects growing investor confidence in Bitcoin as a store of value amid market uncertainty. Rising asset prices boost investor confidence, leading to increased trading activity and revenue for platforms like Coinbase. The stock closed at $271.95, up 5% from previous close. Despite recent negative news, some analysts remain positive about Coinbase, viewing the stock’s dip as a buying opportunity. Coinbase is up 5.6% YTD but still below its 52-week high.



Read more at Barchart: Why Are Coinbase (COIN) Shares Soaring Today