Coinbase’s rise correlates with the rise of major cryptocurrencies. Bitcoin rose 4.3% to $20,162.20 while Ethereum jumped 9.7% to $1,476.76. Cardano and Solana, for their part, rose 14.1% and 9.7%, respectively.
In turn, tech stocks grew buoyed by Wall Street’s major indices closing higher for a third, led by the Nasdaq, as falling Treasury yields boosted mega-cap growth companies like Microsoft and Alphabet.
In fact, Microsoft presented its quarterly balance this day and exceeded Wall Street estimates for revenue in that period, as the ongoing shift to hybrid working boosted demand for its cloud-based services and helped cushion a slump in the PC business.
This day it was also known that the parent company of GoogleAlphabet Inc, reported quarterly sales below analyst estimates, amid a decline in spending from advertisers due to the slowing economy. On Wall Street, shares of Alphabet fell 5.8% after the session closed.
Finally, this Tuesday financial dollar rose for the second day in a row which boosted the Cedears. The Cash Settled dollar (CCL) rose $1.21 (+0.4%) to $305.82 while the MEP dollar advanced $1.39 (+0.5%) to $293.63.
Source: Ambito
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