Why Coinbase Soared Almost 40% This Week
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Coinbase's stock surged nearly 40% this week following the election of Donald Trump. The cryptocurrency trading platform experienced a significant rally, likely due to market optimism or policy expectations associated with the new administration.
November 08, 2024 | 2:15 pm
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Coinbase's stock surged nearly 40% this week following Donald Trump's election, indicating a strong market reaction possibly due to anticipated favorable policies for cryptocurrencies.
The election of Donald Trump has led to a significant rally in Coinbase's stock, suggesting that investors are optimistic about potential policy changes that could benefit the cryptocurrency market. This optimism has resulted in a nearly 40% increase in Coinbase's stock price.
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