Coinbase Surges as Bitcoin Reclaims $80K

Coinbase shares jumped 11.7% on September 18 after Bitcoin reclaimed $80,000 and briefly traded above $81,000.

The rally led to Coinbase outperforming the broader market, with its closing price at $194.00.

Yahoo Finance placed Coinbase among the S&P 500's strongest percentage gainers that day, while TradingKey recorded an 11.66% advance.

Coinbase CEO Brian Armstrong believes Bitcoin could reach $400,000 by 2030 due to expanding institutional adoption, clearer regulation, and increasing scarcity.