Coinbase's stock just hit over $300 for the first time since 2021. This is a big deal for the cryptocurrency exchange.
On November 11, shares of Coinbase Inc. (COIN) jumped more than 20%. This surge pushed the stock past the $300 mark, something we haven't seen in two years.
What's driving this rise? It follows Donald Trump's victory in the recent U.S. presidential election on November 5. Many in the industry believe his win will benefit the crypto market.
According to Cointelegraph Research, the gains in U.S. crypto stocks are significant. Investors are feeling optimistic about the future of the industry.
In a nutshell, Coinbase is seeing a positive shift, and the market is responding favorably. It's an exciting time for crypto enthusiasts!