Coinbase and MicroStrategy climb as Bitcoin reclaims $59k
Coinbase and MicroStrategy stocks rose 6% and 7% respectively as Bitcoin surged to above $59,000. Analysts say crypto markets may be choppy amid potential bearish catalysts. Coinbase and MicroStrategy stocks have climbed more than 6% each on Aug. 8 (as of 2 pm ET), gains that come as the price of Bitcoin broke above $59,000. The Coinbase (COIN) stock traded around $192.30 while MicroStrategy’s MSTR hovered near $134. 23. Read more: Michael Saylor’s bet on Bitcoin paying off, his BTC holdings now valued at $1B Bitcoin’s surge sees it extend recent momentum since reclaiming support above $50,000. According to data on CoinGecko, the flagship cryptocurrency is up 7% in the past 24 hours. Losses over the past week have shrunk to about 5%. Amid this, crypto analyst Ali Martinez says long-term holders have aggressively bought the recent dip. While we got liquidated trading #Bitcoin futures during the recent dip to $49,000, long-term $BTC holder...