Coinbase shares surge after Bitcoin hits USD 80,000—how tight is the connection?

Article

In short
Coinbase shares rise in line with Bitcoin as the price exceeds USD 80,000
COIN and Bitcoin have a moderate price correlation coefficient of 0.61, according to PortfoliosLab
Coinbase stock is more volatile than Bitcoin, both on the upside and the downside
Read the original story: Coinbase shares surged after Bitcoin hit USD 80,000—how closely are they connected? By Darryn Pollock at th.beincrypto.com

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