Coinbase Global Inc (NASDAQ:COIN) shares are trading higher by 6.1% to $85.53 Tuesday morning. The stock is trading higher during Tuesday's session amid strength and a rebound in the price of Bitcoin following recent weakness.

Major cryptocurrencies otherwise saw a sharp decline on Sunday as traders grew concerned about the potential selling pressure arising from the bankruptcy of exchange FTX.

What Happened With Bitcoin Recently?

FTX’s legal team is preparing for a hectic week ahead as they seek regulatory approval to liquidate a substantial $3.4 billion in crypto assets. The exchange aims to appoint Galaxy Digital, under the leadership of Mike Novogratz, as the investment manager responsible for overseeing the sale…Read More

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According to data from Benzinga Pro, Coinbase has a 52-week high of $114.43 and a 52-week low of $31.55.