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Benzinga
Benzinga
Business
Randy Elias

Why Crypto-Related Stock Coinbase Is Surging

Coinbase Crypto Bitcoin

Shares of crypto-related stocks, including Coinbase Global, Inc. (NASDAQ:COIN), are trading higher in sympathy with the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Over this past weekend, the price of Bitcoin dropped to a new 52-week low of $17,708 before bouncing back to the $21,400 level. Meanwhile, Ethereum dropped to a new 52-week low of $896 during this same period before rebounding back to the $1,100 level.

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