Coinbase shares rise about 6% as bitcoin reclaims $63,000

Coinbase rose 5.8% in the morning session on June 8, 2026 as crypto markets rebounded and bitcoin got back above $63,000. The report says leveraged traders covering bearish bets amplified the rally. The move came after a sell-off earlier that week, which had followed analyst target cuts.

• Up 5.8% in the morning session on June 8, 2026
• Bitcoin reclaimed the $63,000 level
• Short covering by leveraged traders amplified the rally