Coinbase Stock Surges Thursday: What's Happening?
Shares of Coinbase Global Inc (NASDAQ: COIN) are trading higher Thursday afternoon as a sharp Bitcoin rally and anticipation around an upcoming Senate vote on federal crypto regulation boosts sentiment across digital asset equities.
Coinbase's stock price went up because Bitcoin (a digital money) is getting more popular and the U.S. Senate might make new rules about crypto. When people feel excited about what's coming, they often buy more shares.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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