Coinbase (COIN) Stock: Why The Price Increased Today

By Amit Chowdhry ● Mar 28, 2022
  • The stock price of Coinbase Global Inc (NASDAQ: COIN) increased by over 6% during intraday trading today. This is why.

The stock price of Coinbase Global Inc (NASDAQ: COIN) increased by over 6% during intraday trading today. Investors appear to be responding in sympathy with an increase in cryptocurrencies over the past 24 hours.

Bitcoin increased from about $44.85K yesterday afternoon to $47.5K as of 12PM ET today. And Ethereum increased from about $3.1K yesterday afternoon to about $3.36K as of 12PM today.

Coinbase is one of the largest cryptocurrency exchange platforms.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.