Coinbase Global stock opened the trading session at $316.90 and touched an intraday high at $326.3. The stock was trading around $315 levels at the market close.
Markets turned bearish on cryptocurrency related stocks on Monday with Coinbase Global, Robinhood Markets, Marathon Holdings and MicroStrategy Incorporated facing selling pressure.
Robinhood Markets (NASDAQ: HOOD) is rapidly closing the gap with its competitor, Coinbase (NASDAQ: COIN), in the retail cryptocurrency trading space, as Bitcoin rallies toward $100,000.
Coinbase Global stock price touched 52-week high before closing 3 percent lower. Yesterday, Bitcoin touched all-time high close to $104,500 but declined by the afternoon session.
Coinbase Global gained 2 percent as cryptocurrencies witnessed a recovery after a highly volatile session on Monday. Bitcoin, Ethereum and Solana faced massive selling pressure at higher levels.
