Coinbase Global (COIN) Moves 11.3% Higher: Will This Strength Last?

Coinbase Global, Inc. (COIN) shares soared 11.3% in the last trading session to close at $196.35. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.2% gain over the past four weeks. This jump is primarily attributable to rise in Bitcoin on Monday's trading session. Coinbase, being the major holder of bitcoin, which is the largest cryptocurrency, benefited from the positive development. In a report by Investopedia, 'The price of b ...