Coinbase stock pops as the crypto exchange nears deal to buy 2TM: Report
In this article:
Yahoo Finance's Brian Sozzi explains why Coinbase stock is up today.
Video Transcript
BRIAN SOZZI: Before we head to break, let's take a quick look at Coinbase. It is, indeed, a trending ticker on the Yahoo! Finance platform. Shares are up more than 5% here. And really, this comes as our very own Jared Blikre broke down earlier on the show, a really noticeable move higher in Bitcoin. Bitcoin prices about a week ago or hovering on $43,000. We've seen Bitcoin really approach-- start to approaching in that $50,000 mark.
So you're seeing-- as you can see, Coinbase really making a move higher here. Still well off those November highs. But still, Coinbase on the move.
