Shares of cryptocurrency exchange Coinbase Global (NASDAQ:COIN) is spiking some 9% during power hour Monday, as bitcoin (BTC-USD) climbs to its highest in over a month, outpacing the overall stock market.
Of course, Coinbase (COIN) isn't the only crypto-focused stock catching bids intraday. Galaxy Digital (OTCPK:BRPHF) +17.3%, Riot Blockchain (RIOT) +12% and Marathon Digital (MARA) +21.3% are among some of the biggest winners despite another volatile session in risk assets.
As for the largest digital coin by market cap, bitcoin (BTC-USD) is rising 2.7% to $21.58K as of shortly before 4:00 p.m. ET. That's down from its session peak of $22.69K.
Coinbase's (COIN) upswing also comes after it gained approval from Italian regulators to provide crypto services to residents of the country in a move that expands its global footprint.
Bear in mind, though, that Seeking Alpha's Quant Rating in mid-May had warned investors that Coinbase (COIN) shares are at high risk of performing badly due to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...