Coinbase jumps as crypto rally and Clarity Act hopes lift sentiment. Bitcoin, Ethereum gains drive broader market and Coinbase upside. High short interest raises squeeze risk amid improving outlook.
Coinbase earned $1.50 per share on revenue of $1.87 billion in the third quarter, topping analyst expectations. Revenue tied to transactions rose to $1 billion, up 37% from the second quarter.
Bitcoin trades near $73K as Coinbase Premium turns positive, signaling rising US demand and steady institutional-driven market recovery.
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