Recent reports indicate a resurgence of interest among smaller cryptocurrency investors, who are gravitating towards platforms like Robinhood and Coinbase, following a 25% increase in Bitcoin's value over the past month. A Bloomberg article highlights this trend, pointing out that while these "mom-and-pop" investors are re-entering the crypto space, their activity levels haven't reached the heights seen in the previous boom.
Both Robinhood and Coinbase have recently shared upbeat earnings reports. Coinbase, in particular, revealed a significant jump in both revenue and user numbers, marking its first profitable quarter in two years, which led to a sharp rise in its stock price.
Kyle Doane, a trader at Arca, shared with Bloomberg that there are indications of retail investors dipping their toes back into the market, albeit not at
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First found on: Small Investors Flock Back to Crypto as Bitcoin Soars 25%
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