PANews reported on November 12 that, according to The Block, the market has continued to rise since Trump won the US presidential election, and the stock price of the crypto exchange Coinbase has been particularly outstanding in the past week. Coinbase's stock price closed up 19.7% on Monday, at $324.24, which is the highest closing price since November 19, 2021. Previously, on November 9, the stock had reached a record closing high of $357.39, with an intraday high of $368.90. Over the past five trading days, Coinbase's stock price has risen by 75%, while before that, the stock's trading price was mostly between $150 and $280.
Earlier on Monday, Bloomberg ETF analyst Eric Balchunas posted on the X platform that "the Bitcoin frenzy has also swept the stock market, with Coinbase and Microstrategy ranking among the top five stocks in terms of trading volume today, which is a sight I've never seen before, with only Tesla and Nvidia having higher trading volumes than them. It feels like a frenzy, at least for now."
