Why Coinbase Stock Popped 13% Today

·1 min read

Shares of cryptocurrency company Coinbase Global (NASDAQ: COIN) jumped as much as 13.8% in trading on Tuesday and closed up 13% for the day. As crazy as it sounds, there may be more stability in the crypto market today than there's been in the last few weeks. Celsius, which is under financial stress, paid back $161 million in debt to lending protocol Maker over the last three days, although it still owes at least $300 million to other lenders.

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