COIN Sep 2024 400.000 call
| Previous Close | 0.0100 |
| Open | 0.0100 |
| Bid | 0.0000 |
| Ask | 0.0100 |
| Strike | 400.00 |
| Expire Date | 2024-09-20 |
| Day's Range | 0.0100 - 0.0100 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1.6k |
- Yahoo Finance Video
Crypto stocks surge as bitcoin rallies above $62K
Bitcoin (BTC-USD) is rallying off of the Federal Reserve's landmark interest rate cut, rising over $3,000 since the central bank's announcement yesterday. Crypto stocks like Riot Platforms (RIOT), MicroStrategy (MSTR), exchange platform Coinbase (COIN), and bitcoin miner Marathon Digital (MARA) are climbing higher Thursday morning. Morning Brief hosts Seana Smith and Brad Smith weigh in on what the rate-cutting environment means for the crypto space, referencing Standard Chartered head of crypto research Geoff Kendrick's forecast that sees bitcoin skyrocketing to $200,000 by the end of 2025 regardless of who wins this year's presidential election. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
StockStoryWhy Is Coinbase (COIN) Stock Rocketing Higher Today
Shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) jumped 6.5% in the morning session as markets roared back after an initially muted response to the Fed's rate cut, which sparked a renewed appetite for risk assets. While investors were expecting a reduction in rates from the US central bank, there was a bit of back and forth on whether the cut would be 25bps (a quarter percent) or 50bps (half a percent).
Investor's Business DailyCryptocurrency Prices And News: Bitcoin Pops To September High, Miners Rally On Fed Rate News
Cryptocurrency News: Bitcoin swung to its highest level in almost a month, sending miners, exchange-trade funds and related stocks into a steep early rally Thursday. The gains followed Wednesday's Federal Reserve announcement of its first interest rate cut in four years. Among related stocks, miners including Bit Digital, Hive Digital, Iris Energy and CleanSpark all rallied more than 6% in premarket action.
