Benzinga - by Surbhi Jain, .
Robinhood Markets (NASDAQ:HOOD), Coinbase Global (NASDAQ:COIN), and the ProShares Bitcoin Strategy ETF (NYSE:BITO) surged to new 52-week highs on Tuesday, fueled by Bitcoin‘s (CRYPTO: BTC) impressive climb to $57,000.
Robinhood
Analysts, however, currently rate the stock at Neutral with a consensus price target of $14.38.
Also Read: Cathie Wood’s Ark Invest Offloads $6.9M Worth of Coinbase, Robinhood Shares Each Amid Searing Bitcoin Rally — Nvidia Stock Also Shed
Coinbase
Coinbase stock is a Buy per the consensus rating with a price target of $129.74 a share. Analysts who reviewed the stock in February have a price target range of up to $250.
ProShares Bitcoin Strategy ETF
Also Read: How Bitcoin ETFs Reshape The Investment Landscape: ‘Mega-Bullish Longer Term,’ Expert Tells Benzinga
This synchronized rise emphasizes the connection between traditional financial markets and the expanding cryptocurrency landscape. Bitcoin’s achievement of $57,000 not only excites the crypto community but also resonates across financial platforms, showcasing the integral role these platforms play in facilitating crypto investments.
As investors navigate the dynamic digital asset landscape, the performance of Robinhood, Coinbase, and BITO serves as a barometer for broader market sentiment.
Read Next: Bitcoin Tops $57,000, Fueled By BTC ETFs $520M Single-Day Inflow
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