Crypto Surges Ahead - Bitcoin, Ethereum Hit New Highs as Coinbase Soars on Earnings Beat
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Bitcoin (BTC) had a strong week, adding 11% over the past 7 days. VeChain's VET token surged 65%, while ether rose 15%.
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Sei Network (SEI) rose almost 50%. MicroStrategy's bitcoin holdings have climbed above $10 billion, amassing a $4 billion profit.
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Coinbase shares surged 13% after the crypto exchange beat Q4 earnings and revenue estimates. It earned $1.04 per share instead of the expected $0.02.
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The ratio of asks to bids for cryptocurrencies rose to the highest in over a year, meaning prices are more likely to move up than down currently.
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The price of bitcoin has risen 23% this year, while Coinbase shares fell about 4% before Thursday's post-market surge.