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Benzinga
Benzinga
Business
Surbhi Jain

Bitcoin's Booming - Coinbase's 167% Rally Says 'Told You So'

COIN Coinbase Bitcoin Crypto Coinbase Global Inc
Kyiv,,Ukraine,-,March,15,,2024,Coinbase,Logo,On,Iphone

Bitcoin (CRYPTO: BTC) is booming again, and Coinbase Global Inc (NASDAQ:COIN) is cashing in. Shares of the crypto exchange were up 1.4% at the time of publication on Thursday, extending an eye-popping 167% rally from 52-week lows made in mid-April. With Bitcoin blasting past $112,000, Coinbase's rebound is looking less like a fluke and more like a front-row seat to crypto's comeback.

Read Also: How Much Bitcoin Do You Need To Retire?

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