0 reply
0 recast
2 reactions
On Thursday, COIN rose 3.89% to close at $369.21, surpassing its previous all-time high of $357.39 set in November 2021. The stock has surged nearly 40% this month, marking an impressive run since it was officially added to the S&P 500 index on May 19.
Real Vision CEO Raoul Pal described the surge as “going vertical,” adding, “Next step, crypto,” and noting that market liquidity is “wide, wide open.”
One key driver behind investor optimism is the recent progress in U.S. legislation. On June 17, the House moved forward with the GENIUS Act — a bill aimed at creating clear regulatory guidelines for stablecoins. This is particularly significant for Coinbase, which co-founded the USDC stablecoin with Circle 0 reply
0 recast
0 reaction
