Coinbase and MicroStrategy Soar as Bitcoin Surpasses $45,000

Stocks surged as Bitcoin broke out, rising 7% in 24 hours, approaching $46,000.

Last updated: January 2, 2024 5:06 PM

Published January 2, 2024 5:06 PM

Last updated: January 2, 2024 5:06 PM

Published January 2, 2024 5:06 PM

The leading US cryptocurrency platform, Coinbase, and MicroStrategy stocks went up by 6% and 9% because the Bitcoin price went above $45,000.

Coinbase’s stock went up by 6.4% to be worth $184.99. That’s 36% more than a month ago and nearly 420% in just one year. Still, it’s 46% less than its best level ever.

Now worth $32.4 billion, Coinbase is getting ready for the possible okaying of US Bitcoin ETFs.

Likewise, MicroStrategy’s stocks went up 9.3% to $690.30. This shows a 25% gain in one month and 372% more than a year ago. Bitcoin’s price goes up to $45,653. People are waiting more for approval for a spot Bitcoin ETF in the U.S. to happen.

The surge in Coinbase and MicroStrategy stocks, driven by Bitcoin’s rise above $45,000, reflects growing investor optimism and anticipation for the potential approval of U.S. Bitcoin ETFs.