Coinbase’s rise correlates with the rise of major cryptocurrencies. Bitcoin rises 4.2% to $20,126.35 while Ethereum climbs 10.5% to $1,477.48. Cardano and Solana, meanwhile, rise 14.3% and 12%, respectively.
Tech techs, in turn, grew buoyed by Wall Street’s major indices trading higher for a third, led by the Nasdaq, as falling Treasury yields propelled mega-cap growth companies like Microsoft and Alphabet, before they report results later in the day.
The Dow Jones Industrial Average rose 0.9% to 31,786.95 units; the S&P 500 index improved 1.4% to 3,850.10 units; and the Nasdaq Composite gained 1.9% to 11,165.21 units.
On the other hand, the actions of Microsoft and Alphabet, parent of Google, rose 0.6% and 1.2%respectively on Wall Street, while Apple and Amazon.com also advanced before reporting quarterly results this week.
The corporate results will offer insight into how well US companies are weathering inflation at a decade high and tighter financial conditions.
Source: Ambito
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