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 performed particularly well in the past week. Coinbase shares closed up 19.7% on Monday at $324.24, the highest closing price since November 19, 2021. Previously, on November 9, the stock hit a record closing high of $357.39, and the intraday high reached $368.90. In the past five trading days, Coinbase's stock price has risen 75%, and before that, the stock traded between $150 and $280 most of the time.
Earlier on Monday, Bloomberg ETF analyst Eric Balchunas wrote on the X platform: "Bitcoin mania has also swept the stock market. Coinbase and Microstrategy are both among the top five stocks traded today. This is a scene I have never seen. Only Tesla and Nvidia have higher trading volumes than them. This feels like a mania, at least for now."
