Robinhood Markets (NASDAQ: HOOD) is rapidly closing the gap with its competitor, Coinbase (NASDAQ: COIN), in the retail cryptocurrency trading space, as Bitcoin rallies toward $100,000.

Coinbase Global stock price touched 52-week high before closing 3 percent lower. Yesterday, Bitcoin touched all-time high close to $104,500 but declined by the afternoon session.

Coinbase Global gained 2 percent as cryptocurrencies witnessed a recovery after a highly volatile session on Monday. Bitcoin, Ethereum and Solana faced massive selling pressure at higher levels.

Coinbase Global Incorporated (NASDAQ: COIN), a leading cryptocurrency exchange, is at the center of the digital assets revolution.

Coinbase stock price closed on a bullish note on Wednesday as cryptocurrencies found support from lower levels.

Coinbase stock ended the trading session almost flat after opening at $322.08 and touching intraday high of $327.24. The stock is still hovering around its yearly high at $334.86.