Coinbase Stock Surges as Crypto Boom, Fed Optimism, and $375M Echo Deal Rock Markets
COIN Stock Climbs on Crypto Rally and Tech Buzz Coinbase Global (NASDAQ: COIN) has been on a tear, mirroring a furious cryptocurrency rally this week. On Friday, Oct. 24, the stock closed at about $354.46, up 9.8% for the daystockanalysis.com. (In after-hours trading it was slightly higher, around $354.67.) Year-to-date COIN is up roughly 48% according to data, as the exchange’s fortunes have tracked rising crypto prices. The latest jump came as Bitcoin and Ethereum hit fresh highs. Cointelegraph reports that Bitcoin’s price briefly spiked to $112,000 on Oct. 24 after US inflation data came in cooler than expectedcointelegraph.com. That