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Coinbase Win Streak Hits Record as Bitcoin Holds $28,000 Level

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.

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