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Why Coinbase Stock Jumped Today

Why Coinbase Stock Jumped Today

Shares of cryptocurrency company Coinbase Global (NASDAQ: COIN) jumped on Tuesday after the stock got an upgrade from an analyst. As of 9:50 a.m. ET, Coinbase stock was up about 8%, but it had been up as much as 11%. The stock market is generally up today as well, so this is also helping Coinbase stock.