Coinbase Will Join the S&P 500 Index Next Monday
Bitcoin Price Rises. U.S.-China Tariffs Deal Has Cryptos Eyeing New Highs. -- Barrons.com
Another milestone in the crypto space! Next week, Coinbase will be included in the S&P 500 Index.
Coinbase joins the S&P 500 Index shortly after Bitcoin breaks the $0.1 million mark. Crypto Assets are increasingly becoming a part of the American Financial system. Large Institutions have received regulatory approval to create spot Bitcoin Exchange-Traded Funds, further pushing the mainstreaming of Cryptos.
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Coinbase's Stock Pops as the Crypto Exchange Will Join the S&P 500 Index Next Monday
U.S. stock market close: The Nasdaq surged over 4%, Chinese concept stocks performed even stronger, and the Golden Dragon Index outperformed the Large Cap.
① High-level economic and trade talks between China and the U.S. exceeded expectations, boosting U.S. stocks; ② Both the S&P and Nasdaq hit new closing highs since March 3; ③ NVIDIA rose over 5%, with its Market Cap returning to above 3 trillion; ④ Trump: Will investigate pharmaceutical companies if necessary.
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Coinbase Is Maintained at Neutral by Goldman Sachs