Coinbase Global Inc. ($COIN) Stock Forecast: Down 5.2% Today

What is Coinbase Global Inc.?

COIN (Coinbase Global) is a leading cryptocurrency exchange platform listed on NASDAQ. The company offers a range of services for buying, selling, and storing various cryptocurrencies.

Why is Coinbase Global Inc. going down?

COIN stock is down 5.2% on Feb 21, 2025 19:01

• The bearish movement in COIN today can be attributed to profit-taking by investors after a recent surge in the stock price following news of the SEC planning to drop its lawsuit against Coinbase.
• The potential dismissal of the lawsuit signifies a shift towards a more favorable regulatory environment for Coinbase, allowing for potential expansion of its offerings and services.
• Despite the positive news of the lawsuit possibly being dropped, the CEO's comments about the significant legal costs incurred during the case may have raised concerns among investors about the company's expenses and financial management.
• Overall, the market reaction to the SEC's decision and Coinbase's future regulatory prospects seems to have led to a short-term bearish trend in COIN's stock price.

COIN Price Chart

COIN Technical Analysis

COIN News

Coinbase Shares Rise As SEC Moves To Drop Lawsuit: What's Going On? - Coinbase Global ( NASDAQ:COIN )

The SEC plans to dismiss its lawsuit against Coinbase, marking a shift away from aggressive crypto regulation under the new administration. With the lawsuit likely to be dropped, Coinbase can expand its token listings and financial products.

https://www.benzinga.com/trading-ideas/movers/25/02/43887659/coinbase-shares-rise-as-sec-moves-to-drop-lawsuit-whats-going-on

Coinbase Shares Rise As SEC Moves To Drop Lawsuit: What's Going On? - Coinbase Global ( NASDAQ:COIN )

The SEC plans to dismiss its lawsuit against Coinbase, marking a shift away from aggressive crypto regulation under the new administration. With the lawsuit likely to be dropped, Coinbase can expand its token listings and financial products.

https://www.benzinga.com/news/25/02/43887659/coinbase-shares-rise-as-sec-moves-to-drop-lawsuit-whats-going-on

Peering Into Coinbase Global's Recent Short Interest - Coinbase Global ( NASDAQ:COIN )

Coinbase Global's COIN short percent of float has fallen 13.09% since its last report. The company recently reported that it has 7.13 million shares sold short, which is 3.52% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/25/02/43887296/peering-into-coinbase-globals-recent-short-interest

Coinbase CEO Brian Armstrong Says SEC Has Agreed To End 'Bogus' Enforcement Case Without Penalties - Coinbase Global ( NASDAQ:COIN )

Armstrong revealed Coinbase spent over $50 million in external legal fees fighting the case, excluding internal costs and resources. He called on Congress to pass crypto laws on stablecoins, asset classification, and a national Bitcoin reserve strategy.

https://www.benzinga.com/markets/cryptocurrency/25/02/43883117/coinbase-ceo-brian-armstrong-says-sec-has-agreed-to-end-bogus-enforcement-case-without-pen

Coinbase says the SEC has agreed to end enforcement case against crypto exchange

The announcement comes as the regulator is expected to be more friendly to crypto under President Donald Trump.

https://www.cnbc.com/2025/02/21/coinbase-says-the-sec-has-agreed-to-end-enforcement-case-against-crypto-exchange.html

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Coinbase Global Inc. Price History

30.00.2025 - COIN Stock was up 6.3%

• Coinbase's bullish movement can be attributed to the company's strategic moves and partnerships in the crypto space, such as tapping into Washington expertise to advocate for clearer crypto regulations.
• The addition of Trump's campaign manager to Coinbase's advisory board signals the company's intent to navigate political landscapes effectively and advance its interests in the evolving regulatory environment.
• Analyst upgrades and a price target increase by Mizuho, along with Coinbase's approval to launch in Argentina, have likely boosted investor confidence in the company's growth prospects and expansion into new markets.
• The overall positive momentum in the cryptocurrency market, coupled with Coinbase's proactive initiatives and market developments, have contributed to the stock's upward trajectory.

27.00.2025 - COIN Stock was down 5.0%

• Despite optimistic views and positive actions from major financial institutions, COIN faced a significant downward trend today.
• Mixed sentiments among traders, with 46% showing optimism and 27% leaning towards pessimism, could have contributed to the volatility in the stock's performance.
• Unlike the favorable market atmosphere seen last week stemming from events like a Gaza ceasefire and strong bank profits, COIN did not follow suit with a positive trajectory.
• The bearish movement observed in COIN today may be attributed to internal or external factors specific to Coinbase, beyond the scope of the information available.

14.01.2025 - COIN Stock was down 5.2%

• Today, COIN experienced a strong bearish movement due to the following reasons:
• Despite surpassing Q4 earnings expectations, the market may have reacted negatively to the CEO's comments about reconsidering the token listing process, which could potentially impact revenue streams.
• The call for Congress to provide clarity on token classification and stablecoin regulation might have introduced uncertainty into the market, leading to a sell-off.
• Although Coinbase's revenue surged in Q4, the market may have been disappointed by the lack of significant guidance or positive outlook for future growth.
• The overall bullish trend in COIN stock leading up to the earnings report may have set high expectations, causing a sell-off when those expectations were not met.

14.01.2025 - COIN Stock was down 5.2%

• The bearish movement in COIN stock today could be attributed to the uncertainty surrounding the regulatory environment for cryptocurrencies, as highlighted by CEO Brian Armstrong's calls for clarity on token classification and stablecoin regulation.
• Despite Coinbase's impressive revenue surge in Q4, the market may be reacting to concerns about the impact of meme coin volatility on the platform's operations and risk management.
• The bullish trend leading up to Q4 earnings, as indicated by the stock trading above key moving averages, might have set high expectations among investors, making it more susceptible to profit-taking and corrections.
• Overall, the market sentiment towards COIN appears to be influenced by a mix of regulatory uncertainties, revenue performance, and technical factors, leading to today's bearish movement.

03.01.2025 - COIN Stock was up 5.1%

• The bullish movement in COIN today can be attributed to the following factors:
• Coinbase's announcement of launching Solana futures and tapping into the derivatives market likely attracted investors looking to capitalize on the increasing popularity and volatility of Solana.
• The addition of Trump's campaign manager to Coinbase's team to navigate crypto policies in Washington could signal to investors that the company is proactively working towards clearer regulations, which is crucial for the long-term growth and stability of the crypto market.
• Analyst upgrades and a price target increase by Mizuho, along with the approval to launch in Argentina, have likely boosted investor confidence in Coinbase's expansion and growth prospects, leading to the bullish movement in the stock today.

03.01.2025 - COIN Stock was up 5.0%

• COIN's bullish movement today can be attributed to several factors:
• The anticipation of strong Q4 earnings report from Corpay, which is expected to drive revenue growth in the vehicle and corporate payments segments.
• The announcement of Coinbase's plan to launch Solana futures, tapping into the rising popularity and volatility of the SOL token in the crypto market.
• The strategic move of appointing Chris LaCivita, Trump's campaign manager, to handle crypto policy matters in Washington, indicating efforts to navigate regulatory challenges and advocate for clearer regulations in the crypto space.
• The positive sentiment around COIN is further supported by the upgrade in analyst ratings, with top Wall Street analysts no longer being bearish on the stock and providing upgrades, signaling confidence in the company's future prospects.

28.00.2025 - COIN Stock was up 5.3%

• Despite the broader market uncertainty and the fall in Bitcoin prices, COIN experienced a strong bullish movement today.
• Coinbase's strategic efforts to accelerate growth, increase market share, and drive innovation have positioned the stock well for future returns.
• The bullish sentiment towards COIN is further reinforced by the conspicuous bullish moves made by financial giants, as indicated by the options trading activity.
• The positive market sentiment towards COIN contrasts with the overall downward trend in crypto-linked stocks, showcasing the resilience and strength of Coinbase in the face of market fluctuations.

11.01.2025 - COIN Stock was down 5.1%

• The bearish movement in COIN today may be linked to the bearish stance taken by whales in the options market, noted by a significant increase in bearish trades.
• Market sentiment, despite expectations of surpassing earnings estimates, may have been affected by the cautious outlook from investors with considerable capital.
• Jim Cramer's suggestion to prioritize Bitcoin over Coinbase could have influenced the negative sentiment surrounding COIN, directing investors towards other opportunities in the cryptocurrency sector.
• The increase in subscription filters benefiting companies like Cellebrite might have shifted investor focus away from Coinbase, resulting in a negative impact on its market performance.

21.01.2025 - COIN Stock was down 5.2%

• The bearish movement in COIN today can be attributed to profit-taking by investors after a recent surge in the stock price following news of the SEC planning to drop its lawsuit against Coinbase.
• The potential dismissal of the lawsuit signifies a shift towards a more favorable regulatory environment for Coinbase, allowing for potential expansion of its offerings and services.
• Despite the positive news of the lawsuit possibly being dropped, the CEO's comments about the significant legal costs incurred during the case may have raised concerns among investors about the company's expenses and financial management.
• Overall, the market reaction to the SEC's decision and Coinbase's future regulatory prospects seems to have led to a short-term bearish trend in COIN's stock price.

13.01.2025 - COIN Stock was up 5.8%

• Analysts are revising their price expectations for Coinbase ahead of its Q4 earnings release, anticipating an increase in quarterly earnings compared to the previous year.
• The anticipation of strong Q4 earnings is fueled by the surge in Bitcoin prices and trading volume during the quarter, indicating a positive outlook for Coinbase's performance.
• The market sentiment towards COIN seems optimistic, with expectations of benefiting from increased volatility, expansion of operations, and overall growth in the crypto economy.
• The overall positive sentiment towards Coinbase is further reinforced by being highlighted as one of the stocks poised to beat estimates in Q4 earnings, suggesting a favorable outlook for the company's financial performance.

13.01.2025 - COIN Stock was up 6.3%

• Coinbase stock has surged 108% over the past year, with analysts predicting a further 13% upside.
• Investor optimism is fueled by the expectation of robust Q4 earnings, analysts foreseeing a rise in quarterly earnings compared to the same period last year.
• The positive outlook on the cryptocurrency sector, buoyed by record high prices for Bitcoin and increased trading volume in Q4, is bolstering Coinbase's performance.
• COIN's bullish trend is also backed by short-term technical indicators, highlighting the importance of reclaiming resistance levels for sustained upward momentum.

18.01.2025 - COIN Stock was down 5.2%

• Despite strong Q4 earnings and positive growth indicators, Coinbase's stock experienced a bearish movement.
• Negative market reactions may be linked to concerns about handling meme coins and integrating decentralized exchanges (DEXes) into its platform.
• Investor caution regarding cryptocurrency market volatility could potentially impact Coinbase's revenue and profitability going forward.
• The discrepancy between strong financial performance and bearish stock movement suggests uncertain investor outlook on Coinbase's long-term growth prospects in the dynamic crypto landscape.