Coinbase’s stock price recently surged past $300, hitting $309, marking a high not seen since November 2021.
Bitcoin also saw a notable performance, briefly reaching an all-time high of over $82,500. With a 24-hour gain of 3.23%, Bitcoin’s upward momentum has energized the crypto market, further contributing to the heightened interest in crypto-linked stocks.
The broader U.S. stock market also showed strength, with the Dow Jones Industrial Average, the S&P 500, and the Nasdaq all opening higher. The Dow rose by 0.5%, the S&P 500 by 0.3%, and the Nasdaq similarly saw a 0.3% increase.
These gains point toward overall positive market sentiment, aligning with the bullish trends seen in both traditional stocks and cryptocurrency-linked assets.
Within this context, the so-called “Trump Trade” remains an influential factor. Shares of Tesla (TSLA.O) rose by more than 7%, while the Trump Media & Technology Group (DJT.O) experienced an increase of over 3%. Bitcoin-focused stocks were also up, with MicroStrategy (MSTR.O) posting a gain of over 10%.
This strong performance of Bitcoin-related stocks suggests that the impact of Bitcoin’s new highs is extending across associated sectors.
Both the crypto and stock markets are experiencing a period of robust growth, led by Coinbase’s resurgence, Bitcoin’s all-time high, and strong openings across major U.S. stock indexes.
