September 12, 2023 10:44 AM | 1 min read
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Coinbase Global Inc (NASDAQ:COIN) shares are trading higher by 6.1% to $85.53 Tuesday morning. The stock is trading higher during Tuesday’s session amid strength and a rebound in the price of Bitcoin following recent weakness.
Major cryptocurrencies otherwise saw a sharp decline on Sunday as traders grew concerned about the potential selling pressure arising from the bankruptcy of exchange FTX.
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What Happened With Bitcoin Recently?
FTX’s legal team is preparing for a hectic week ahead as they seek regulatory approval to liquidate a substantial $3.4 billion in crypto assets. The exchange aims to appoint Galaxy Digital, under the leadership of Mike Novogratz, as the investment manager responsible for overseeing the sale…Read More
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According to data from Benzinga Pro, Coinbase has a 52-week high of $114.43 and a 52-week low of $31.55.
“The Best Report Benzinga Has Ever Produced”
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