Shares of Strategy (NASDAQ:MSTR | MSTR Price Prediction) are down 10% in mid-morning trading Tuesday, while Coinbase (NASDAQ:COIN) stock is off 6%.
JPMorgan Chase CEO Jamie Dimon slams Coinbase CEO Brian Armstrong and vows an all-out industry fight against the crypto-friendly CLARITY Act in Congress.
The tough-talking Queens native, in the top job at JPMorgan for two decades, warned America's biggest lenders "will not accept" the current version of the Clarity Act.
Coinbase had a soft Q1, but the long-term platform story remains intact. Coinbase still reached an all-time high in crypto trading volume market share. CLARITY, Deribit, and new futures products could support long-term growth.
Cryptocurrency exchange Coinbase and prediction markets platform Kalshi said on Friday they are introducing perpetual crypto futures, marking the first time such instruments will be available to U.S. investors through domestic, regulated exchanges.
Coinbase (COIN) remains a Buy despite a 32% stock decline, as my long-term bullish thesis is intact. COIN's earnings and stock performance closely mirror overall crypto sentiment, which I believe is nearing the end of 'crypto winter.' Strong capital structure, high margins, and potential for significant top- and bottom-line growth support the premium valuation.
Interactive Brokers gains an edge over Coinbase on growth estimates, valuation and YTD performance as trading platforms race to expand globally.
Coinbase Global (COIN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Ran Neuner sat down with Scott Melker on The Wolf Of All Streets podcast and laid out a chart pattern that should make every Bitcoin bull pause.
Coinbase Global, Inc. (COIN) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
Shares of cryptocurrency-linked companies fell Friday as investors pulled back from the sector after an initial rally sparked by progress on US digital asset legislation faded amid renewed concerns about crypto prices and broader macroeconomic risks. Shares of Coinbase Global (COIN) dropped 7.6% after climbing more than 5% in the previous session, while Robinhood Markets (HOOD) fell roughly 3.8% following a gain of more than 5% on Thursday.
COIN is up 29% in three months, but a 66x forward P/E looks stretched. This is the reason investors may want a wait-and-watch stance.