jessica_twt
05-13

Last week, Bitcoin prices surged again, breaking past $100,000 and approaching the record high set in January this year.

However, $Coinbase Global, Inc.(COIN)$ remains a particularly volatile stock, with its current share price still well below its late 2021 peak. The stock closed Monday at $207.22, giving it a market cap of $53 billion, but still far from its all-time high of $357.

To be included in the S&P 500 Index, a company must be profitable in the most recent quarter and have positive earnings over the last four consecutive quarters.

Coinbase reported net income of $65.6 million for Q1, or $0.24 per share, down from $1.18 billion, or $4.40 per share, a year earlier — the prior figure included gains from fair value adjustments on its crypto investments. Revenue rose 24% year-over-year, from $1.64 billion to $2.03 billion.

Coinbase Joins S&P 500! Possible to Reclaim $300 in May?
Coinbase officially joins SP 500 on May 19. ----------------- Will Coinbase continue to soar after joining the index? Can Bitcoin stand above $105,000 and push crypto stock higher?
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