Coinbase Stocks Soar as Bitcoin Surpasses $77K

Coinbase Global Inc. (NASDAQ:COIN) stock surged on Friday as cryptocurrency-linked stocks rallied alongside Bitcoin (CRYPTO:BTC), which climbed above $77,000 and was up more than 20% for the week.

The broader market also provided support, with the Nasdaq gaining 0.32%, the S&P 500 rising 0.38%, and financial stocks advancing 0.70%.

President Donald Trump reiterated his support for U.S. leadership in cryptocurrency at a White House summit Wednesday, where he urged Congress to pass the CLARITY Act, which would establish a regulatory framework for digital assets.