Market Cap: $3,743,426,752,261
24h Vol: $129,864,322,227
Cryptocurrencies: 26901
Markets: 106767
Cryptocurrencies: 26901
Markets: 106767
Market Cap: $3,743,426,752,261     
24h Vol: $129,864,322,227
Seeking Alpha 2023-02-28 22:32:08

Why did Coinbase stock pop up today? Traders might be looking past crypto regulatory fears

Why did Coinbase stock pop up today? Traders might be looking past crypto regulatory fears
Shares of cryptocurrency exchange Coinbase Global ( NASDAQ: COIN ) jumped 10% Tuesday, having climbed as much as 14.3% earlier in the session, despite growing regulatory pressures over the industry. In a rare dynamic, the upswing in COIN was accompanied by lower crypto prices, with bitcoin ( BTC-USD ) slipping 1.2% to $23.19K in late afternoon trading. Overall, the global crypto market cap edged lower by 1.3% to $1.06T, according to CoinMarketCap data . Both Seeking Alpha's Quant system and the average Wall Street analyst justified COIN as a Hold. The average SA author rating also stood at Hold. Last week, (Feb. 22) Seeking Alpha contributor Bill Maurer also viewed COIN with a Hold rating after the company posted mixed fourth-quarter results .
esptco-banner img
Latest News

Videos

  • CEX vs DEX: Which Type of Crypto Exchange Is Better?

  • COIN vs TOKEN | Difference Between Coin and Token | Simply Explained!

  • What is a Shiba Inu Coin & How Does it Work? Simply Explained!

  • Ethereum Explained: What is Ethereum & How Does it Work? Simply Explained!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire