Coinbase and MicroStrategy Soar as Bitcoin Surpasses $45,000

Stocks surged as Bitcoin broke out, rising 7% in 24 hours, approaching $46,000.

Last updated: January 2, 2024 5:06 PM

Published January 2, 2024 5:06 PM

Last updated: January 2, 2024 5:06 PM

Published January 2, 2024 5:06 PM

Coinbase Debuts Perpetual Futures Trading For Dot, Icp, And Near

The leading US cryptocurrency platform, Coinbase, and MicroStrategy stocks went up by 6% and 9% because the Bitcoin price went above $45,000.

Coinbase’s stock went up by 6.4% to be worth $184.99. That’s 36% more than a month ago and nearly 420% in just one year. Still, it’s 46% less than its best level ever.

Now worth $32.4 billion, Coinbase is getting ready for the possible okaying of US Bitcoin ETFs.

Likewise, MicroStrategy’s stocks went up 9.3% to $690.30. This shows a 25% gain in one month and 372% more than a year ago. Bitcoin’s price goes up to $45,653. People are waiting more for approval for a spot Bitcoin ETF in the U.S. to happen.

The surge in Coinbase and MicroStrategy stocks, driven by Bitcoin’s rise above $45,000, reflects growing investor optimism and anticipation for the potential approval of U.S. Bitcoin ETFs.

Also Read: Bitcoin Breaks Above $45k Amid Optimism Around ETF Approval

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TAGGED:Bitcoin Coinbase MicroStrategy

By Ronak Kumar

Ronak is a dedicated content writer with a keen eye for detail and a passion for blockchain and cryptocurrency. His interest in these fields was sparked through his work, and he continues to expand his knowledge in these areas. He loves to watch anime and binge watches during his free time.