BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
BNB$577.36-1.84%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
BNB$577.36-1.84%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Given limited capital flows, it is wise to watch for ones with greater gains short-term.
Coinbase staged a jaw-dropping rally in 2023 but JPMorgan analysts anticipate that the exchange is unlikely to replicate such a strong performance in 2024.
Coinbase's shares are up over 44% in the past 30 days following crypto market's resurgence.
Cryptocurrency-related stocks tumbled sharply at the Monday open, echoing Bitcoin's retreat below $42,000.
Driven by resurgent crypto market, Coinbase's shares skyrocketed 319% in 2023, better than most of the S&P 500's best stocks.
Coinbase's shares gained on Thursday after the company filed a complaint aimed at dismissing SEC's recent lawsuit.
Bitcoin is now heading for the $29,000 level, a day after crossing $28,000.
ARK Invest took advantage of the stock market dip on Tuesday, pouring $13.4M into Coinbase and Robinhood shares.
Cathie Wood's ARK invested more than $13m in COIN this week.
Coinbase's stock is down 1.2% in premarket trading.
As the market capitulation intensifies, Coinbase stock suffers blows caused by its dwindling revenue.
Coinbase has lost around $85 billion in market cap since going public. The company's shares are down by around 87%.
Reflections on Coinbase's first day of public trading, which experienced much success.