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Cryptocurrency News Articles

Shares of Coinbase Global Inc (NASDAQ: COIN) are experiencing a significant rally

Apr 23, 2025 at 07:20 am

NEW YORK, USA – Shares of Coinbase Global Inc (NASDAQ: COIN) are experiencing a significant rally in Friday's trading session, capturing investor attention

Shares of Coinbase Global Inc (NASDAQ: COIN) are experiencing a significant rally

Shares of Coinbase Global (NASDAQ:COIN) are up substantially on Friday.

As of 12:06 PM ET, the cryptocurrency exchange platform’s stock price rose by 9.90% to trade at 17.32.

Coinbase’s stock price opened the trading day at 178.79. The intraday low was 178.40, while the intraday high was 192.50 shortly before press time.

The move higher pushed the stock above its previous close of 175.00.

Coinbase’s stock price is now trading above its 52-week low of 142.58. However, it is still far from its 52-week high of 349.75.

Other market data points available include a P/E ratio of 20.29. Currently, Coinbase does not offer a dividend yield.

While the specific catalyst driving today’s sharp increase isn’t immediately apparent from the basic market summary, significant price action in COIN often draws keen interest from both cryptocurrency enthusiasts and traditional market investors. The stock’s performance is frequently watched as a barometer for sentiment within the broader digital currency ecosystem.

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