{"id":540270,"date":"2023-01-18T05:14:01","date_gmt":"2023-01-18T02:14:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-stocks-surge-coinbase-up-69-microstrategy-up-74-since-lows\/"},"modified":"2023-01-18T05:14:01","modified_gmt":"2023-01-18T02:14:01","slug":"crypto-stocks-surge-coinbase-up-69-microstrategy-up-74-since-lows","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-stocks-surge-coinbase-up-69-microstrategy-up-74-since-lows\/","title":{"rendered":"# Crypto stocks surge: Coinbase up 69%, MicroStrategy up 74% since lows"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3be6dc48bcc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3be6dc48bcc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-stocks-surge-coinbase-up-69-microstrategy-up-74-since-lows\/#%E2%80%9D_Crypto_stocks_surge_Coinbase_up_69_MicroStrategy_up_74_since_lows_%E2%80%9C\" >&#8221; Crypto stocks surge: Coinbase up 69%, MicroStrategy up 74% since lows &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_stocks_surge_Coinbase_up_69_MicroStrategy_up_74_since_lows_%E2%80%9C\"><\/span>&#8221; Crypto stocks surge: Coinbase up 69%, MicroStrategy up 74% since lows &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>The share price of cryptocurrency exchange Coinbase has surged by 69% since its all time lows and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps with green candles all around since the start of 2023.<\/p>\n<p>The share price of Coinbase fell as low as $31.95 on Jan. 6, before shooting up to $54.14 by the close of trading on Jan. 17. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/92abb6df-1c6b-4501-b451-e55c58ef7eda.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Coinbase\u2019s share price for the last month. Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/COIN\/\">Yahoo Finance<\/a><\/em><\/figcaption><\/figure>\n<p>The rising share price will likely be accompanied by a huge sigh of relief for Coinbase executives after a challenging 2022 saw it cut 20% of its workforce and decide to wind down its Japanese operations. Despite the surge, COIN remains more than 84% below its all time high.<\/p>\n<p>Other crypto-related stocks such as MicroStrategy and digital payments company Block Inc. have also posted strong gains in the new year.<\/p>\n<p>MicroStrategy&#8217;s share price has increased to nearly $236 from a low of just over $135 on Dec. 29 \u2014 representing an increase of over 74% \u2014 while Jack Dorsey\u2019s Block has seen its share price increase by a muted but still respectable 27%, after rebounding from a low of under $59 on Dec. 28 to over $75.<\/p>\n<p>The rebound has been even more dramatic for crypto mining stocks. Bitfarms and Marathon Digital Holdings recorded surges of 140% and 120% respectively throughout the first two weeks of the year.<\/p>\n<p>Crypto exchange-traded funds (ETFs) also rebounded to a lesser degree with Valkyrie Bitcoin Miners ETF (WGMI) more than doubling its price from a low of just over $4 on Dec. 28 to over $8.<\/p>\n<p>The ProShares Bitcoin Strategy ETF (BITO) jumped from over $10 on Dec. 28 to a current price of around $13 \u2014 increasing by just under a third.<\/p>\n<p><strong>Related: <\/strong><strong><em>Is this a bull run or a bull trap? Watch The Market Report live<\/em><\/strong><\/p>\n<p>Even Grayscale Bitcoin Trust has managed to regain some of its 2022 losses, after increasing from a low of $7.76 on Dec. 28 to a current price of $11.72, a 51% increase.<\/p>\n<p>While the trust is designed to mirror the price of Bitcoin (BTC) it often trades at a discount or premium to the value of its underlying holdings and is now sitting at a discount of just over 36% after having traded at over a 45% discount on Dec. 28. <\/p>\n<p>Some pundits believe Bitcoin in particular has skyrocketed on the back of the positive inflation figures from the United States released on Jan. 12 \u2014 having increased in price by over 17% since then \u2014 but it is interesting to note that Dec. 28 seemed to represent a market bottom across many cryptocurrencies and stocks.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Total <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> market cap is back over 1 trillion dollars!!!  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/wS4N9qjA4G\">pic.twitter.com\/wS4N9qjA4G<\/a><\/p>\n<p>\u2014 Lark Davis (@TheCryptoLark) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheCryptoLark\/status\/1615483856806871043?ref_src=twsrc%5Etfw\">January 17, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While the recent surge in crypto-related stocks is bound to be a huge relief to those who have invested in them, it is worth noting that many of these companies have a long way to go to return to thier all-time highs, as highlighted by a Jan. 10 tweet from financial advisor Genevieve Roch-Decter.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Crypto stocks over the last year:<\/p>\n<p>Voyager -99.7%<br \/>Silvergate -90.8%<br \/>Marathon Digital -83.1%<br \/>Coinbase -82.3%<br \/>HIVE Blockchain -81.3%<br \/>MicroStrategy -63.9%<\/p>\n<p>\u2014 Genevieve Roch-Decter, CFA (@GRDecter) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/GRDecter\/status\/1612839681200197632?ref_src=twsrc%5Etfw\">January 10, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-stocks-surge-coinbase-up-69-microstrategy-up-74-since-lows\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto stocks surge: Coinbase up 69%, MicroStrategy up 74% since lows &#8220; The share price of cryptocurrency exchange Coinbase has surged by 69% since its all time lows and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps with green candles all around since the start of 2023. The share price&#8230;<\/p>\n","protected":false},"author":1,"featured_media":540271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/b590ddd1-6e5f-4dea-a754-be18139b95a8.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74956,74860,76550,122847,117,73952,70359],"class_list":["post-540270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-coinbase","tag-cryptocurrency-exchange","tag-grayscale","tag-microstrategy","tag-business","tag-jack-dorsey","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/540270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=540270"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/540270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/540271"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=540270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=540270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=540270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}