Coinbase shares rise by nearly 4% in after-hours trading despite platform latency and display problems caused by increased website traffic.
On March 4, Coinbase stock reaches its highest price in over two years, gaining 11% to $229 and climbing further in after-hours trading to $238.
Coinbase acknowledges platform issues, assures users of fund safety, and implements fixes to improve website latency.
Coinbase faces similar issues on Feb. 28 and March 1, prompting concerns and calls for short-selling from investment research firm Citron.
Bitcoin’s price increases by over 7.8%, nearing its 2021 all-time high, while US-based spot Bitcoin ETFs witness significant volume and inflows.
MicroStrategy’s stock surges by 23.5% to above $1,330, reaching a price not seen since the dot-com bubble era.
Highly speculative memecoins like Dogecoin and Shiba Inu experience triple-digit percentage gains in the past week.
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