Coinbase's stock has surged significantly, trading above $300 for the first time since November 2021. The shares closed at $334, nearing its initial public offering (IPO) price of $381. This rally represents a more than 20% increase in a single day, with a +13% rise at the open. The surge in Coinbase's stock price is attributed to Bitcoin's recent rise past $89,000, which has positively impacted the company's valuation. Additionally, the anticipation of regulatory easing under Trump's administration is seen as a potential benefit for Coinbase, particularly for its staking business. Analysts are optimistic, projecting that Coinbase's stock could reach $380 over the next 12 months. The stock's performance has also propelled Coinbase into the top 50 rankings on the Apple App Store, reaching rank 33 from 81 just yesterday.