Coinbase Global Inc. ($COIN) Stock Forecast: Down 5.4% Today

What is Coinbase Global Inc.?

COIN, or Coinbase Global Inc., is a leading cryptocurrency exchange platform that went public in 2021. The company allows users to buy, sell, and store various cryptocurrencies, including Bitcoin and Ethereum.

Why is Coinbase Global Inc. going down?

COIN stock is down 5.4% on Jan 21, 2025 15:03

• The bearish movement in COIN stock today could be attributed to profit-taking by investors after a period of bullish sentiment.
• The surge in Bitcoin prices ahead of Trump's inauguration may have led to a shift in focus towards cryptocurrencies, potentially impacting COIN's stock negatively.
• The mixed options activity on COIN, with a slightly higher percentage of bearish traders, might have added to the selling pressure on the stock.
• The restart of Bitcoin-backed loans via Coinbase's Ethereum network could be a positive development for the company in the long term, but it seems that today's market sentiment was more influenced by broader factors leading to the bearish movement.

COIN Price Chart

COIN Technical Analysis

COIN News

The Zacks Analyst Blog NVIDIA, Coinbase, Robinhood, Riot and Interactive Brokers

NVIDIA, Coinbase, Robinhood, Riot and Interactive Brokers are included in this Analyst Blog.

https://www.zacks.com/stock/news/2400177/the-zacks-analyst-blog-nvidia-coinbase-robinhood-riot-and-interactive-brokers

ETFs in Focus as Bitcoin Tops $105K Ahead of Trump's Inauguration

Bitcoin prices surge again ahead of Trump's inauguration day.

https://www.zacks.com/stock/news/2399613/etfs-in-focus-as-bitcoin-tops-105k-ahead-of-trumps-inauguration

Decoding Coinbase Glb's Options Activity: What's the Big Picture? - Coinbase Glb ( NASDAQ:COIN )

Financial giants have made a conspicuous bullish move on Coinbase Glb. Our analysis of options history for Coinbase Glb COIN revealed 72 unusual trades. Delving into the details, we found 44% of traders were bullish, while 41% showed bearish tendencies.

https://www.benzinga.com/insights/options/25/01/43060708/decoding-coinbase-glbs-options-activity-whats-the-big-picture

Buy 5 Crypto-Centric Stocks Likely to Gain Big From Bitcoin Rally

Five crypto-centric stocks have strong potential for 2025. These are: NVDA, COIN, HOOD, RIOT, IBKR.

https://www.zacks.com/stock/news/2398780/buy-5-crypto-centric-stocks-likely-to-gain-big-from-bitcoin-rally

Coinbase Restarts Bitcoin-Backed Loans via Ethereum Network Base

Centralized crypto exchange Coinbase now offers Bitcoin-based loans through Morpho, a lending protocol on its Ethereum layer-2 network, Base.

https://decrypt.co/301339/coinbase-bitcoin-loans-ethereum-network-base

Trending Today

EigenLayer ($EIGEN) Crypto Forecast: Up 5.6% Today

Decentraland ($MANA) Crypto Forecast: Up 5.2% Today

Solana ($SOL) Crypto Forecast: Up 7.3% Today

Pepe ($PEPE) Crypto Forecast: Up 5.7% Today

Optimism ($OP) Crypto Forecast: Up 6.8% Today

Avalanche ($AVAX) Crypto Forecast: Up 6.2% Today

Dogecoin ($DOGE) Crypto Forecast: Up 7.8% Today

Memecoin ($MEME) Crypto Forecast: Up 8.3% Today

Sonic (prev. FTM) ($S) Crypto Forecast: Up 5.4% Today

Arbitrum ($ARB) Crypto Forecast: Up 6.9% Today

Coinbase Global Inc. Price History

17.00.2025 - COIN Stock was up 9.0%

• COIN experienced a strong bullish movement today, closing up by +1.66%.
• The positive market movement could be attributed to Coinbase restarting Bitcoin-backed loans via its Ethereum network Base, providing users with the ability to borrow up to $100,000 USDC without selling their Bitcoin.
• Additionally, the identification of Coinbase as one of the five crypto-centric stocks likely to benefit from the Bitcoin rally in 2025 might have further fueled investor optimism and contributed to the bullish trend.
• With the increasing popularity of stablecoins and the overall positive sentiment towards cryptocurrencies, Coinbase seems to be well-positioned for continued success in the future.

17.00.2025 - COIN Stock was up 5.2%

• Financial giants showing bullish activity on Coinbase Glb with a significant number of traders being bullish could have contributed to the stock's upward movement.
• The restart of Bitcoin-backed loans via the Ethereum network and the launch of Bitcoin-backed loans for US users by Coinbase may have boosted investor confidence in the company's growth prospects.
• The overall positive outlook for the crypto industry, including Coinbase's positioning in the market and the potential benefits of its services, could have fueled investor optimism and led to the bullish movement in COIN's stock price.

07.00.2025 - COIN Stock was down 5.1%

• The bearish movement in COIN could be attributed to bearish options activity observed by deep-pocketed investors.
• The surge in cryptocurrency-related shares, particularly Bitcoin crossing $100,000, might have diverted investor attention away from traditional crypto exchanges like Coinbase, impacting its stock price negatively.
• The overall bullish sentiment in the cryptocurrency market, with Bitcoin hitting new highs, could have led investors to favor direct exposure to cryptocurrencies rather than exchange platforms like Coinbase, affecting COIN's performance.

07.00.2025 - COIN Stock was down 7.6%

• The bearish movement in COIN could be attributed to the overall drop in Bitcoin's price, falling below $98,000 due to pressure from rising Treasury yields affecting risk assets.
• Deep-pocketed investors taking a bearish approach towards COIN, as evidenced by options activity records, might have added to the negative sentiment surrounding the stock.
• Despite the surge in crypto-related shares, including MicroStrategy reaching new highs with Bitcoin breaking $100,000, the bearish sentiment towards COIN prevailed, possibly due to specific concerns related to the company itself rather than the broader crypto market movements.

03.00.2025 - COIN Stock was up 5.8%

• Despite bearish options activity, COIN displayed significant bullish movement today.
• Interest from Coinbase's CEO, Brian Armstrong, in integrating USDC transfers on Elon Musk's platform may have positively impacted investor sentiment.
• The Power Inflow alert followed by a reversal after an initial decline likely attracted traders using smart money and order flow analytics.
• The optimistic market sentiment in the cryptocurrency space likely played a role in the bullish movement of COIN today.

03.00.2025 - COIN Stock was up 5.1%

• The bullish movement in COIN could be attributed to the positive sentiment in the cryptocurrency market as a whole.
• Volatile recommendations on cryptocurrencies might have caused some investors to reevaluate their positions, potentially leading to increased interest in platforms like Coinbase.
• As cryptocurrencies continue to gain mainstream acceptance, investors might be flocking to platforms like Coinbase, driving up the stock price.
• The mention of COIN alongside other notable companies in the discourse could have also contributed to increased visibility and investor interest in the stock.

21.00.2025 - COIN Stock was down 5.4%

• The bearish movement in COIN stock today could be attributed to profit-taking by investors after a period of bullish sentiment.
• The surge in Bitcoin prices ahead of Trump's inauguration may have led to a shift in focus towards cryptocurrencies, potentially impacting COIN's stock negatively.
• The mixed options activity on COIN, with a slightly higher percentage of bearish traders, might have added to the selling pressure on the stock.
• The restart of Bitcoin-backed loans via Coinbase's Ethereum network could be a positive development for the company in the long term, but it seems that today's market sentiment was more influenced by broader factors leading to the bearish movement.

14.00.2025 - COIN Stock was up 5.4%

• COIN experienced a strong bullish movement today following a partial victory against the SEC's regulatory challenge. This positive outcome alleviated concerns about potential regulatory hurdles for the company, boosting investor confidence in COIN.
• The court ruling labeling the SEC's stance as 'arbitrary and capricious' reassured investors and signaled a more favorable regulatory environment for Coinbase, leading to increased buying activity and driving the stock price higher.
• The ongoing legal developments and regulatory clarity provided by the court decision likely contributed to the bullish momentum in COIN, as investors welcomed clearer guidelines for the cryptocurrency industry, enhancing COIN's market position and outlook.

14.00.2025 - COIN Stock was up 5.3%

• The bullish movement in COIN stock today can be attributed to several factors:
• Peanut The Squirrel's surge in trading volume and speculation about hitting $1, potentially fueled by a Coinbase listing, may have generated excitement and positive sentiment around the cryptocurrency space.
• The pro-crypto Fairshake PAC's significant spending in the election to push for regulatory overhaul indicates a growing interest in cryptocurrency regulation, which could benefit established platforms like Coinbase.
• Deep-pocketed investors adopting a bullish approach towards COIN, as revealed by public options records, could have contributed to the positive momentum in the stock.
• Coinbase's partial victory in the SEC regulatory challenge, with a federal appeals court calling the agency's stance 'arbitrary,' may have provided reassurance to investors and boosted confidence in the company's ability to navigate regulatory challenges successfully.

24.11.2024 - COIN Stock was up 5.3%

• Coinbase's stock experienced a strong bullish movement as investors are optimistic about the company's growth prospects and market share expansion.
• The bearish stance taken by some investors in the options market may have initially caused some uncertainty, but overall market sentiment remains positive towards COIN.
• The resurgence in holiday spending highlighted by Visa's retail spend monitor could indicate increased interest and investment in cryptocurrencies, benefiting platforms like Coinbase.
• Affirm's extended partnerships and enhanced offerings may also contribute to a positive market environment for COIN, as it reflects a growing trend towards digital payment solutions and financial services.

15.00.2025 - COIN Stock was up 5.3%

• Coinbase's bullish movement could be attributed to the positive sentiment surrounding the cryptocurrency market as a whole, with increased interest and trading volume in meme coins like Peanut The Squirrel.
• The surge in trading volume of Peanut The Squirrel compared to Shiba Inu, and the excitement around the possibility of reaching $1, possibly due to a Coinbase listing, could have indirectly boosted investor confidence in COIN.
• Additionally, the discussions about Coinbase's participation in the crypto industry's political engagement for regulatory overhaul could have reassured investors about the company's proactive stance in navigating regulatory challenges, contributing to the bullish trend.

15.00.2025 - COIN Stock was up 7.1%

• COIN witnessed a notable bullish movement, concluding the trading day with a 1.66% increase.
• The optimistic outlook for COIN is driven by favorable predictions, anticipating a prosperous trajectory in 2025 due to factors like supportive governmental stance on cryptocurrencies and the rising prominence of stablecoins.
• The momentum in trading volume and valuation of meme coin Peanut The Squirrel, potentially aiming for a $1 valuation via a Coinbase listing, may have bolstered the positive sentiment towards COIN.
• The proactive endeavors of pro-crypto groups in funding political campaigns for regulatory reform indicate a forward-looking stance in shaping the future landscape of the industry, further reinforcing the bullish projection for Coinbase.