Coinbase Global Inc. (NASDAQ:COIN) stock traded higher Friday as cryptocurrency-linked stocks rallied alongside Bitcoin (CRYPTO: BTC).
Bitcoin climbed above $77,000 and was up more than 20% for the week. The cryptocurrency was on track for its best weekly gain since 2023.
The broader market also provided support. The Nasdaq gained 0.32%, while the S&P 500 rose 0.38%. Financial stocks advanced 0.70%.
Trump Urges Congress To Pass CLARITY Act
Crypto sentiment improved after a White House cryptocurrency summit Wednesday. The event included CFTC Chairman Michael Selig, SEC Chairman Paul Atkins and executives from Coinbase, Robinhood, Ripple and Kalshi.
