Why Coinbase Stock Blasted Almost 18% Higher Today

We're still some distance from spring, but already the ground seems very fertile for cryptocurrencies and related assets. On the back of yet another rise in the former, many of the latter climbed higher as well. Doing so like an eager vine on Wednesday was crypto-trading platform operator Coinbase Global (NASDAQ: COIN), which saw its share price shoot nearly 18% higher on the day. 

The crypto rally just keeps plowing ahead, and today, nearly every major coin and token was up substantially.

As ever, Bitcoin set the pace; as of midafternoon, the coin was up more than 8% over the preceding 24 hours, according to data compiled by CoinGecko, after it crossed the $24,000 barrier. Even goofy fun coins were having a moment -- Dogecoin, for one, was rising by 6%.

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Source Fool.com