Coinbase (coin) stock hits 52-week high, near all-time record in the middle of the crypto rally

Coinbase Global (Coin) stock expanded its rally on Wednesday, setting a fresh 52-week high and coming within the scope of its record closing record from November 2021, as the broader digital asset industry followed the Bitcoin lead.
Crypto exchange shares rallied nearly 7.1% Wednesday morning, reaching an intraday high of $ 369.25, according to Yahoo financial data. The coin last saw the trading around $ 352 for a 2%gain.
Stock again rebounds 133% from April low, which occurred during a broad market sale provoked by US President Donald Trump’s The announcement of “Day Day” Tariff.
At the rally, the coin sets a fresh 52-week high and within 2% of the record closing price of $ 357.39, according to MacrotRends Data.
In current values, Coinbase’s stock has a total market capitalization of $ 89.6 billion, making it one of the most important crypto companies.
Coinbase’s stock rallyed more than 42% since the start of the year, that -fuel by increasing (Btc) Prices, development of pro-industry regulation in the United States and stable income growth.
While Coinbase’s first-quarter income entered Below expectationsIt increased by 24.2% year-on-year to $ 2.03 billion. Subscription and service revenue increased by 36.3% to $ 698.1 million, driven by great income from stablecoins.
Related: Bitcoin rebounds at $ 105k while Coinbase Premium hit the second 2025 high
Coinbase’s stock complies with the higher internet group of circle
Coinbase shares rallied next to the Stablecoin Issuer Circle Internet Group which was a highly successful public offering.
After dedicating to $ 31 per part, the Circle stock, the trading under the Ticker CRCl, rose to over $ 200.
Coinbase and Circle maintain a significant cooperation centered on the USDC (USDC) Stablecoin, which deepened in 2023 when Coinbase obtained an equity stake in the circle.
Number Cointelegraph recently reportedThe Circle has become the leading handling of Vaneck’s MVis Global Digital Assets Equity Index (MVDAPP), which monitors the largest and most public publicly exchanged Crypto companies.
However, until Wednesday, Coinbase reclaimed the top area in MVDAPP.
Related: ‘Stablecoin Summer’ as Coinbase, Circle Stocks Surge in New Law