Bitcoin at record highs, sets sights on $100,000 [Yahoo! Finance Canada]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance Canada
It has more than doubled in value this year and is up about 45% since Trump's sweeping election victory on Nov. 5, which has also seen a slew of pro-crypto lawmakers being elected to Congress. The cryptocurrency's gains though were more measured on Friday. After touching a fresh record high above $99,000, bitcoin pulled back a touch to trade up just 0.5% on the day, around $98,500. Still, the momentum for further gains appeared strong with bitcoin poised for a third straight week of plus 10% gains. It is also on track for its best monthly performance since February. Its surge has made bitcoin one of the stand-out winners of so-called "Trump trades" - assets that are seen as winning or losing from Trump's policies. The cryptocurrency also appears on the cusp of mainstream acceptance since its creation 16 years ago. "The longer it survives it is taken more seriously, that's just the reality of things," said Shane Oliver, chief economist and head of investment strategy at AMP
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COIN
Earnings
- 10/30/24 - Miss
COIN
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- COIN's page on the SEC website