Coinbase's share price has increased by over 9% in the past 24 hours, now trading above $278 per share, according to TradingView data.
On Monday, the S&P 500 was down 0.1% in midday trading. The Dow Jones Industrial Average was 111 points lower, or 0.3%, as of 11 a.m. Eastern time, and the Nasdaq composite was down 0.1%, according to TradingView. The rally comes as BlackRock Head of Digital Assets Robert Mitchnick described bitcoin's qualities as similar to gold at the Bitcoin Investor Day conference in New York City on Friday.
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