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Crypto Stocks Surge: Coinbase up 69%, MicroStrategy up 74% Since Lows

The share price of cryptocurrency exchange Coinbase has surged by 69% since its all-time lows and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps with green candles all around since the start of 2023. The share price of Coinbase fell as low as $31.95 on Jan. 6, before shooting up to $54.14 by the close of trading on Jan. 17. The rising share price will likely be accompanied by a huge sigh of relief for Coinbase executives after a challenging 2022 saw it cut 20% of its workforce and decide to wind down its Japanese operations. Despite the surge, COIN remains more than 84% below its all-time high. (Cointelegraph)

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