tldr; Coinbase shares have surged 27% in October as Bitcoin rallies to $68,000, nearing its all-time high. The stock, often seen as a proxy for the crypto market, rose from $165 to $210. Bitcoin’s 15% rally contributed to this increase, alongside a 4% rise in the broader crypto market. Coinbase shares have rebounded significantly this year, up 184% since last October. The recent crypto bull run has led to significant liquidations and increased inflows into Bitcoin ETFs, with major purchases by BlackRock and Fidelity.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ra246 on
Decent, bought $COIN deep in the Bear Market for an extra level of exposure to the crypto market. It’s gonna do well, no doubt <3 Just had a look; average buy price is $68 (We’re now at $209) Shame I only have 6 shares!
kirtash93 on
I can smell the bull run coming next year.
Toastlove on
It’s held solid support all summer, be interesting to see if this is the new normal or if there’s a big pump coming next year and maybe the $100k hopium comes close to being fulfilled.
CriticalCobraz on
I didn’t believe in Uptober but I’m glad I was wrong lmao
sadiq_238 on
We’ll soon get an article about Cathie selling lol
DicksFried4Harambe on
Anyone betting on miners too?
Got some CIFR, HUT, WULF, RIOT
heard SQ does some custody too- don’t quote me
Bear-Bull-Pig on
Uptober has arrived as promised
RunRinseRepeat666 on
But Coinbase is down like 70% since ipo ? Seems like there is a long way to go
9 Comments
tldr; Coinbase shares have surged 27% in October as Bitcoin rallies to $68,000, nearing its all-time high. The stock, often seen as a proxy for the crypto market, rose from $165 to $210. Bitcoin’s 15% rally contributed to this increase, alongside a 4% rise in the broader crypto market. Coinbase shares have rebounded significantly this year, up 184% since last October. The recent crypto bull run has led to significant liquidations and increased inflows into Bitcoin ETFs, with major purchases by BlackRock and Fidelity.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Decent, bought $COIN deep in the Bear Market for an extra level of exposure to the crypto market. It’s gonna do well, no doubt <3 Just had a look; average buy price is $68 (We’re now at $209) Shame I only have 6 shares!
I can smell the bull run coming next year.
It’s held solid support all summer, be interesting to see if this is the new normal or if there’s a big pump coming next year and maybe the $100k hopium comes close to being fulfilled.
I didn’t believe in Uptober but I’m glad I was wrong lmao
We’ll soon get an article about Cathie selling lol
Anyone betting on miners too?
Got some CIFR, HUT, WULF, RIOT
heard SQ does some custody too- don’t quote me
Uptober has arrived as promised
But Coinbase is down like 70% since ipo ? Seems like there is a long way to go