Coinbase Global (NASDAQ: COIN), a leading cryptocurrency exchange, is currently trading at $168.82 at the time of publication of this report on October 4, 2024.
Coinbase stock was trading firm on Friday as majority of cryptocurrencies were trading positive today. BTC briefly traded above $64,000 but then declined in 63,500 range.
In a turbulent trading session following a contentious U.S. presidential debate, cryptocurrency-related stocks saw notable early losses before rallying towards the close.
Shares of cryptocurrency-related stocks, including Coinbase Global and MicroStrategy, rallied on Monday, tracking Bitcoin's recovery after a brief slump.
Barclays Research has upgraded its outlook on Coinbase (COIN) and Robinhood (HOOD), citing improvements in their business models and financial standing.
