Coinbase Global Inc. ($COIN) Stock Forecast: Down 6.9% Today

What is Coinbase Global Inc.?

Coinbase Global (COIN) is a publicly traded US-based cryptocurrency exchange platform that allows users to buy, sell, and store various cryptocurrencies. The overall cryptocurrency market has been volatile recently, with Bitcoin experiencing a ten-week downtrend before a recent rally.

Why is Coinbase Global Inc. going down?

COIN stock is down 6.9% on Apr 3, 2025 15:57

• 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.

COIN Price Chart

COIN Technical Analysis

COIN News

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

Bitcoin price on verge of breaking 10-week downtrend - Is $90K BTC next?

Bitcoin's ( BTC ) price is off to a swift start in Q2, rallying by 5.53% to an intraday high of $87,333 on April 2. Currently, Bitcoin is emerging from a ten-week downtrend that began on Jan. 20 when the price peaked at $110,000.

https://cointelegraph.com/news/bitcoin-price-on-verge-of-breaking-10-week-downtrend-is-90-k-btc-next

Kentucky joins Vermont and South Carolina in dropping Coinbase staking suit

Kentucky's finance watchdog has dismissed its lawsuit against Coinbase over the exchange's staking rewards program, following its peers in Vermont and South Carolina.Kentucky's Department of Financial Institutions filed the stipulation to dismiss jointly with Coinbase on April 1, ending the ...

https://cointelegraph.com/news/kentucky-axes-coinbase-staking-suit-after-vermont-south-carolina

Will Coinbase Global ( COIN ) Beat Estimates Again in Its Next Earnings Report?

Coinbase Global (COIN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

https://www.zacks.com/stock/news/2438435/will-coinbase-global-coin-beat-estimates-again-in-its-next-earnings-report

Coinbase sees worst quarter since FTX collapse amid industry bloodbath

Publicly traded US-based crypto exchange Coinbase saw its worst quarter since the collapse of crypto exchange FTX in 2022.Coinbase shares started 2025 trading at just over $257 on Jan. 2 and ended the quarter at a little over $172 on March 31, a dip of 33%, according to market data.This makes ...

https://cointelegraph.com/news/coinbase-sees-worst-quarter-since-ftx-collapse

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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.

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.

10.02.2025 - COIN Stock was down 7.4%

• The bearish movement in COIN could be attributed to the overall drop in crypto stocks following Bitcoin's decline below $80,000.
• President Trump's declaration of the US as a 'Bitcoin Superpower' at the White House Crypto Summit might have initially boosted confidence in the cryptocurrency industry, but the subsequent market movements could indicate uncertainty or profit-taking by investors.
• The announcement of Coinbase adding 1,000 more US jobs by 2025 could be a positive long-term development for the company, but it may not have been enough to offset the short-term bearish sentiment in the market.
• The resistance by the FDIC on transparency regarding Operation Chokepoint 2.0 could have also contributed to market jitters, potentially impacting investor confidence in cryptocurrency-related companies like Coinbase.

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.

11.02.2025 - COIN Stock was up 6.0%

• The launch of services in India post obtaining a license from the country's Financial Intelligence Unit (FIU) likely enhanced investor confidence and propelled the stock's upward trajectory.
• Noteworthy options trading activities by influential investors hinting at positive market sentiment may have contributed to the uptick in COIN's price.
• Significant trades involving Coinbase Global Inc. (COIN) by Cathie Wood's Ark Invest could have stimulated investor interest and buying interest in the stock.
• Uncertainty surrounding the Trump trade's impact on crypto-related stocks, including COIN, may have introduced market volatility while not overshadowing the favorable sentiment towards the cryptocurrency exchange platform.

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.

11.02.2025 - COIN Stock was down 7.7%

• The bearish movement in COIN today could be attributed to the overall market sentiment following a tech downturn, as reflected in significant trades by Cathie Wood's Ark Invest involving various tech stocks.
• The announcement of Coinbase launching 24/7 Bitcoin and Ethereum futures for US customers might have sparked initial excitement, but worries about regulatory challenges impacting approval and implementation could have led to a sell-off.
• The decline in Bitcoin prices below $80,000 may have exacerbated the bearish sentiment towards crypto-related stocks like Coinbase as traders assess potential opportunities amidst market uncertainties.
• Overall, regulatory concerns, market volatility, and bearish trends in the crypto sector likely played a role in the significant bearish movement in COIN today.

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.