Coinbase Stocks Rise After XRP News
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Hello friends, after the news of XRP where the battle against the SEC won, the world of cryptocurrencies showed a rise yesterday where bitcoin rebounded to 31.5k but today it fell to 30k as expected and not only the cryptocurrencies had the positive impact coinbase shares rose 40% on the news.
The price of the shares of coinbase jumped from 77 dollars to 112 dollars after the news was released, thus reaching the highest point so far this month, it must also be said that good news revolves around coinbase such as the authorization of spot bitcoin ETFs that in my opinion would generate an increase in the volume of the bitcoin market since institutions could make investments in the stock market if the need to invest directly in bitcoin is something complex to understand, its function must be well investigated .
But investors have seen this as good news plus the victory of XRP these two factors have greatly favored coinbase, but not only the US exchange was favored many companies rose in a short time what the market shows high volatility and you have to Be very careful when investing.
Despite the fact that the market is currently going through a correction process, the price of coinbase shares have remained above 105 dollars per unit, we just have to wait until where the price of coinbase will fall since I don't have it deep follow, I cannot predict what direction it will take from this moment on.
Another company that also had an increase in the price of its shares was Michael J. Saylor's MicroStrategy with an increase of 21%, if I'm not mistaken this company a couple of weeks ago bought a certain amount of bitcoin which becomes one with more bitcoin saved, what strategy will this company have for its bitcoin we still don't know.
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At the moment everything is joy and happiness in the crypto world where there is a winner there always has to be a loser, we have to take into account that many cryptocurrencies are being attacked by the SEC and the victory of XRP is like a harbinger of what can happen with them, there is still a lot of victory to sing, let's hope that good or bad news will come out this coming week, so I say goodbye, I hope to read your comments.
Source of the information:
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