Coinbase could soon touch monthly high for the stock and if bullish momentum continues, we could see the stock trading above $200 this week.

Coinbase Global (COIN), a major player in the cryptocurrency exchange space, remains a hot topic for investors.

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.