Cryptocurrency Prices And News: Bitcoin Rebounds Above $65,000, Coinbase Climbs On Results

Cryptocurrency News: Cryptocurrency prices rebounded early Friday as bitcoin jumped back above $65,200 in the morning. Meanwhile, Coinbase stock rose after clearing Q2 revenue estimates late Thursday, with a major boost in trading volume and transaction revenue.

Elsewhere, spot ethereum ETFs began trading on July 23 after receiving approval from the SEC.  Crypto prices rose at the beginning of the month after President Trump nominated crypto-friendly Senator J.D. Vance (R-Ohio) as his vice-presidential running mate.

Cryptocurrency Price Action

Bitcoin on Friday traded around $65,200, rebounding from its 24-hour low of $62,254. On March 14, bitcoin hit a new all-time high of $73,798, surpassing its prior record of $68,990 set in November 2021.

The world's largest cryptocurrency rebounded about 157% in 2023. Bitcoin is now up about 55% so far this year.

Ethereum traded near $3,150 Friday, climbing from its overnight low of $3,078. Ethereum hit its 52-week high of $4,092 on March 12. The No. 2 crypto is still well below its November 2021 peak above $4,800.

Ethereum on March 8 crossed its $4,000 level for the first time in 26 months. Still, ETH rallied nearly 38% in 2024.

Digital asset investments are extremely volatile. While cryptocurrency's fundamentals and technical indicators may differ, investors should focus on the same key objectives. First, stay protected by learning when it's time to sell, cut losses or capture profits. Second, prepare to profit if the cryptocurrency starts to rebound.

Despite their original promise, cryptocurrencies haven't acted as hedges against inflation. Instead, they've trended with the broader indexes. Read The Big Picture and Market Pulse to track daily market trends.

View IBD's Best Cryptocurrencies And Crypto Stocks To Buy And Watch page to help navigate the world of digital asset investments.

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