Crypto stocks surge: Coinbase up 69%, MicroStrategy up 74% since lows

Crypto-related stocks, ETFs, and tokens have all seen their prices surge since the start of 2023, but experts believe the Federal Reserve will continue to raise interest rates.
Crypto exchange Coinbase shares are up 69% from all-time lows, and other crypto-related stocks, including business intelligence firm MicroStrategy, have seen similar surges, and have been everywhere since early 2023. A green candle is lit in the city.

Coinbase shares soared to $54.14 by the close of trading on Jan. 17 after he fell to $31.95 on Jan. 6.
The rising share price will likely be accompanied by a huge sigh of relief for Coinbase executives after a challenging 2022 saw it cut 20% of its workforce and wind down its Japanese operations. Despite the surge, COIN remains more than 84% below its all-time high.
Other crypto-related stocks such as MicroStrategy and digital payments company Block Inc. have also posted strong gains in the new year.

MicroStrategy’s share price has increased to nearly $236 from a low of just over $135 on Dec. 29 — representing an increase of over 74% — while Jack Dorsey’s Block has seen its share price increase by a muted but still respectable 27%, after rebounding from a low of under $59 on Dec. 28 to over $75.

Reference: https://cointelegraph.com/news/crypto-stocks-surge-coinbase-up-69-microstrategy-up-74-since-lows