Shares of crypto-related stocks, including Coinbase Global, Inc. (NASDAQ:COIN), are trading higher in sympathy with the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Over this past weekend, the price of Bitcoin dropped to a new 52-week low of $17,708 before bouncing back to the $21,400 level. Meanwhile, Ethereum dropped to a new 52-week low of $896 during this same period before rebounding back to the $1,100 level.
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At the time of publication, Bitcoin was trading about 4.5% higher at $21,449 and Ethereum was trading about 4.6% higher at $1,169.
Coinbase is the leading cryptocurrency exchange platform in the United States.
COIN Price Action: At the time of publication, Coinbase shares were trading about 15% higher at $58.90 per share.
The stock has a 52-week high of $368.90 and a 52-week low of $40.83, according to data from Benzinga Pro.
