- The stock price of Coinbase (COIN) increased by 10.66% in the most recent trading session. This is why.
The stock price of Coinbase (COIN) increased by 10.66% in the most recent trading session.
Why: Sympathy with Bitcoin price
Details: The price of Bitcoin had increased from about $19,321 on September 9 at 12 AM ET to about $21,264 at about 11:30 PM on that day.
What led to Bitcoin’s increase: There are several potential factors. The price rebound may be tied to the interest rate hikes in Europe on Thursday or an announcement from FTX that it is buying a 30% stake in SkyBridge Capital – which is the hedge fund led by Anthony Scaramucci.