MicroStrategy, Coinbase Shares Are Rising Tuesday: What’s Going On?
Posted On October 29, 2024
Crypto-related stocks MicroStrategy Inc (NASDAQ:MSTR) and Coinbase Global Inc (NASDAQ:COIN) are trading higher Tuesday as Bitcoin (CRYPTO: BTC) prices move higher. Here’s what you need to know.
What To Know: The price of Bitcoin crossed the $71,000 level Tuesday morning for the first time since June, driving strength in the broader crypto market and in crypto-related stocks. Bitcoin was up 3.76% over a 24-hour period, trading around $71,600 at last check.
The Bitcoin surge coincides with significant Bitcoin ETF inflows of approximately $479 million on Monday. Bitcoin ETFs have seen inflows in …
About The Author
