Coinbase's Q1 revenue of $773 million exceeded expectations, surging 23% from the preceding quarter's revenue of just $655 million.
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Bitcoin rallied on Tuesday afternoon, driven by better-than-expected first-quarter earnings from Alphabet and Microsoft. In contrast, both equities and Treasury yields faced a decline on the same day, hinting at the overall uncertainty in the financial markets.
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On Monday, BTC experienced a drop to as low as $29,292 before making a slight rebound. According to one analyst, the surge from $28,000 the previous week had not been thoroughly tested.
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