Coinbase Global Inc. ($COIN) Stock Forecast: Up 8.0% Today

What is Coinbase Global Inc.?

COIN, a cryptocurrency exchange platform listed on NASDAQ, experienced a strong bullish movement in the market.

Why is Coinbase Global Inc. going up?

COIN stock is up 8.0% on Apr 7, 2025 17:58

• The ongoing options frenzy on Coinbase Global with both bullish and bearish trades reflects market uncertainty and volatility, potentially influencing the stock price.
• Recent actions by Cathie Wood's Ark Invest to increase their holdings of Coinbase shares indicate a strong belief in the company's future, possibly contributing to the positive market movement.
• Despite technical signals like the formation of a Death Cross and oversold indicators, as well as anticipation around XRP futures launch, investors showed optimism, leading to COIN's upward trajectory.
• The resolution of Illinois' lawsuit against Coinbase related to a staking program could have boosted investor confidence in the company, positively impacting its stock performance.

COIN Price Chart

COIN Technical Analysis

COIN News

Coinbase Global's Options Frenzy: What You Need to Know - Coinbase Global ( NASDAQ:COIN )

Financial giants have made a conspicuous bearish move on Coinbase Global. Our analysis of options history for Coinbase Global COIN revealed 128 unusual trades. Delving into the details, we found 34% of traders were bullish, while 40% showed bearish tendencies.

https://www.benzinga.com/insights/options/25/04/44670890/coinbase-globals-options-frenzy-what-you-need-to-know

Cathie Wood's Ark Invest Loads Up On Amazon, Coinbase: Offloads UiPath, Roblox - ARK Fintech Innovation ETF ( BATS:ARKF ) , Amazon.com ( NASDAQ:AMZN )

On Friday, April 4, 2025, Cathie Wood-led Ark Invest made substantial trades involving several prominent companies including Coinbase Global Inc. COIN, Amazon.com Inc. AMZN, CRISPR Therapeutics AG CRSP, Beam Therapeutics Inc. BEAM, UiPath Inc. PATH, Roblox Corp. RBLX, MercadoLibre Inc.

https://www.benzinga.com/25/04/44655592/cathie-woods-ark-invest-loads-up-on-amazon-coinbase-offloads-uipath-roblox

Coinbase Stock Drops Into A Death Cross: Will XRP Futures Be Its Comeback Catalyst? - Coinbase Global ( NASDAQ:COIN )

Coinbase stock forms a Death Cross, but oversold signals and institutional moves suggest potential for reversal. XRP futures launch could reignite investor interest despite COIN stock trading below key moving averages. With stocks plunging, steady income is key.

https://www.benzinga.com/trading-ideas/technicals/25/04/44645278/coinbase-stock-drops-into-a-death-cross-will-xrp-futures-be-its-comeback-catalyst

Illinois to End Lawsuit Against Coinbase Over Staking Program: Report

The state would become the fourth to withdraw its legal actions against the crypto exchange. Six other cases are pending.

https://decrypt.co/313293/illinois-drop-staking-lawsuit-coinbase-report

CEX listings outperform Nasdaq and Dow IPOs with 80% average returns

Cryptocurrency listings have outperformed the average of traditional stock listings, despite recent community criticism regarding the manipulation potential of token listings on centralized exchanges.Token listing procedures on centralized cryptocurrency exchanges ( CEXs ) drew significant ...

https://cointelegraph.com/news/crypto-token-listings-outperform-stocks-80-roi

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Coinbase Global Inc. Price History

13.02.2025 - COIN Stock was down 8.1%

• The bearish movement in COIN today can be attributed to a combination of factors:
• The halt in trading of meme coins Floki, Turbo, and Giga in New York by Coinbase might have led to a loss in trading volume and revenue for the platform.
• The increase in COIN's short percent of float and the high number of shares sold short could have created negative market sentiment and pressure on the stock price.
• While the announcement of Coinbase's re-entry into the Indian market is a positive development for the company's international expansion, it may not have been enough to offset the overall bearish sentiment surrounding the stock.
• The comparison between COIN and XP Inc. in terms of value might have also influenced investor decisions, potentially highlighting perceived weaknesses in Coinbase's current valuation compared to its competitors.

13.02.2025 - COIN Stock was down 5.2%

• The bearish movement in COIN today can be attributed to the halt in trading of meme coins Floki, Turbo, and Giga in New York by Coinbase. This move may have led to a loss of potential trading volume and revenue for the platform.
• The increase in COIN's short percent of float by 27.42% and the high number of shares sold short could have also contributed to the negative market sentiment and downward pressure on the stock price.
• Despite the positive news of Coinbase's plans to operate in India again, the overall market sentiment may have been overshadowed by concerns about the impact of halting trading of certain coins and the high short interest in the stock.
• The uncertainty surrounding COIN's valuation compared to other financial stocks like XP Inc. and the ongoing debate about which stock offers better value could have added to the bearish sentiment and selling pressure on COIN.

07.03.2025 - COIN Stock was up 8.0%

• The ongoing options frenzy on Coinbase Global with both bullish and bearish trades reflects market uncertainty and volatility, potentially influencing the stock price.
• Recent actions by Cathie Wood's Ark Invest to increase their holdings of Coinbase shares indicate a strong belief in the company's future, possibly contributing to the positive market movement.
• Despite technical signals like the formation of a Death Cross and oversold indicators, as well as anticipation around XRP futures launch, investors showed optimism, leading to COIN's upward trajectory.
• The resolution of Illinois' lawsuit against Coinbase related to a staking program could have boosted investor confidence in the company, positively impacting its stock performance.

03.03.2025 - COIN Stock was down 6.9%

• The bearish movement in COIN could be attributed to the overall industry bloodbath in the cryptocurrency market.
• Despite outperforming traditional stock listings, the recent criticism and concerns about token manipulation on centralized exchanges may have impacted investor sentiment towards COIN.
• The dismissal of the lawsuit by Kentucky against Coinbase over its staking rewards program could have provided some relief, but the overall market conditions and Coinbase's worst quarter performance since 2022 likely weighed on the stock.
• The upcoming earnings report for Coinbase may be crucial in determining the future trajectory of COIN, as investors assess whether the company can beat estimates and regain market confidence.

19.02.2025 - COIN Stock was up 5.4%

• Today's upward movement in COIN stock may be a result of recent developments within the company, including the launch of KYC-verified liquidity pools for DeFi swaps and trades, aimed at enhancing security for users engaging in decentralized finance.
• A positive appraisal from Bernstein, suggesting a 'Buy' rating and setting a target price of $310, likely boosted investor confidence and drove higher trading activity.
• Reports of a new malware threat targeting cryptocurrency wallets, including those associated with Coinbase, initially raised concerns. However, Coinbase's proactive security measures and risk management strategies, such as collaborations with Gauntlet, have likely allayed fears and minimized any potential adverse effects.
• While there have been indications of bearish options activities by significant investors, the general market sentiment towards Coinbase remains upbeat. This positive outlook is supported by the increasing interest in cryptocurrencies and Coinbase's strategic efforts to serve both individual and institutional clients.

18.02.2025 - COIN Stock was down 5.0%

• The bearish movement in COIN today could be attributed to the rise in scam emails impersonating Coinbase and Gemini, which might have raised concerns among investors about the security of the platform and potential impact on user trust.
• Despite positive outlook on Coinbase, targeting a price of $310 and highlighting growth prospects, the market sentiment might have been overshadowed by the scam email reports, leading to a sell-off.
• The debunking of Coinbase delisting rumors by the Floki community could have provided some relief, but it seems that the overall market sentiment was still influenced by the negative news, resulting in a bearish trend for COIN today.

28.02.2025 - COIN Stock was down 5.8%

• Regulatory uncertainty in the crypto industry due to the SEC dropping cases against major players could have negatively influenced COIN's stock.
• Despite Coinbase's strong position with stablecoins, a decrease in trading volumes may have caused investor concerns, contributing to the bearish trend.
• Unusual bearish options activity on Coinbase Global, indicating a higher number of bearish traders, could have added to the downward pressure on the stock.
• Speculation about Coinbase's potential acquisition of Deribit, a cryptocurrency derivatives exchange, might have triggered doubts regarding financial impact and strategic direction, possibly affecting the bearish movement of the stock price.

28.02.2025 - COIN Stock was down 8.3%

• Speculation arose regarding Coinbase's dominant position as a primary node operator in the Ethereum network, raising apprehensions about potential overcentralization, impacting its market perception adversely.
• The Securities and Exchange Commission (SEC) decision to dismiss cases against other cryptocurrency firms like Kraken and ConsenSys heightened uncertainty and trepidation among investors, fostering a bearish sentiment towards COIN.
• A decline in Coinbase's trading volumes, alongside bearish options activity, likely played a role in the stock's downward trajectory.
• Reports suggesting potential acquisition discussions between Coinbase and Deribit, a cryptocurrency derivatives exchange, further contributed to the surrounding uncertainty and volatility, fueling a bearish trend.

07.03.2025 - COIN Stock was up 6.9%

• Significant trades made by Ark Invest involving Coinbase and Amazon may have boosted investor confidence in COIN stock.
• The formation of a Death Cross for Coinbase stock could have initially caused some concern among investors, but oversold signals and potential institutional moves hint at a possible reversal in the stock's performance.
• Illinois ending its lawsuit against Coinbase over a staking program could have alleviated regulatory concerns surrounding the company, leading to a positive sentiment among investors.
• The overall positive performance of cryptocurrency listings on centralized exchanges, outperforming traditional stock listings, may have contributed to the bullish movement in COIN stock as the crypto market gains traction.

17.02.2025 - COIN Stock was up 5.0%

• The positive sentiment surrounding COIN and the broader cryptocurrency market likely fueled the bullish movement today.
• Scam emails targeting users of crypto exchanges could have emphasized the importance of secure platforms like Coinbase, potentially attracting more users.
• The confirmation that Floki is not being delisted from Coinbase may have allayed investor concerns, boosting confidence in COIN.
• Institutional investors or high-net-worth individuals showing interest in COIN, evident from publicly available options history, might have also played a role in the bullish movement.

02.03.2025 - COIN Stock was up 5.2%

• Coinbase's stock saw a notable upward trend today.
• Speculation suggests that the resolution of Kentucky's lawsuit related to Coinbase's staking rewards could have instilled confidence among investors.
• Market optimism about Coinbase potentially exceeding earnings expectations may have also fueled the positive market mood.
• Despite general market turbulence and economic uncertainties impacting digital assets, Coinbase's strong performance and anticipated earnings outperformance appear to have outweighed these concerns, contributing to the bullish movement.

04.03.2025 - COIN Stock was down 8.2%

• A Death Cross formation in Coinbase stock, along with trading below crucial moving averages, led to the decline.
• The conclusion of a legal dispute in Illinois related to Coinbase's staking program possibly eased some concerns. However, the overall market sentiment remained pessimistic.
• The outperformance of CEX listings in comparison to traditional stocks may have diverted investor attention from COIN.
• The recent rise in Bitcoin's price and a potential breakout from a 10-week bearish trend may have caused a shift in focus from COIN to the broader cryptocurrency market, adversely affecting its performance.