American crypto giant Coinbase has seen a resurgence in its stock price, climbing past the $300 mark for the first time since 2021.
The rally was also witnessed in the stock of enterprise analytics firm and major Bitcoin (BTC) holder MicroStrategy, whose price hit a record high after surging to $344.
Both developments followed a rampaging Bitcoin performance, which saw the cryptocurrency break its all-time high (ATH) price several times in quick succession in the last 24 hours.
Coinbase Up 20%, MicroStrategy Breaks Record
On November 11, Coinbase’s stock (COIN) witnessed a 20% uptick, closing the day at an impressive $334.24, per data from Google Finance. The jump represented an 84% improvement in the company’s stock across a span of just 30 days, highlighting growing investor confidence in crypto-related assets.
While after-hours trading saw COIN shares dip slightly to $324.24, they have still maintained strong momentum, with analysts now setting even higher price targets for the
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