Coinbase Global Inc. rose for the seventh consecutive session on Tuesday, the cryptocurrency exchange’s longest streak of gains ever as Bitcoin climbed to its highest since June.
Shares rose 12% to hit their highest since August, bringing their seven-day rally to 57%. The California-based exchange is now trading at $84 a share, up 137% from the start of 2023. The stock has been buoyed by the rapidly rising price of Bitcoin, which broke the $28,000 level this month after trading below $16,000 as recently as November.
