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.
I guess it's okay to stop worrying about Federal Reserve interest rate cuts. While the stock market continued climbing to new all-time highs as we moved from possibly six cuts this year to three, then to one, new reports of much higher-than-expected industrial production in May suggests we may not get any cuts until next year.
The latest trading day saw Coinbase Global, Inc. (COIN) settling at $235.03, representing a -0.39% change from its previous close.
Coinbase launched on Thursday a $2 million ad campaign targeted toward Latino voters, the company told Reuters, as the crypto industry makes moves this U.S. election cycle to put friendly lawmakers into office.
Blockchain leader Coinbase Global (COIN) has struggled this quarter, down 10% since Q3 kicked off at the beginning of the month. The equity is also far removed from its March 25, more than two-year high of $283.48.
Stocks like Interactive Brokers Group, Inc. (IBKR), Coinbase Global, Inc. (COIN), NVIDIA Corporation (NVDA), Robinhood Markets, Inc. (HOOD) and Hut 8 Mining Corp. (HUT) are likely to benefit once the Bitcoin rally resumes.
Vertiv Holdings is a data center play, and it has been benefiting from more companies upgrading their computing power. Coinbase Global achieved impressive results last quarter, thanks to more interest in crypto and some significant gains.
We have narrowed our search to five bitcoin-oriented stocks that have strong potential for the rest of 2024. These are: NVDA, COIN, HOOD, HUT, IBKR.
Coinbase Global, Inc. (COIN) closed the most recent trading day at $244.50, moving -1.27% from the previous trading session.
As Bitcoin continues to consolidate within reach of its all-time highs, many investors, speculators, and traders wonder if a breakout is on the horizon. Currently trading at $67,100 per bitcoin and up almost 52% YTD, Bitcoin's critical short-term support level sits at $66,000, with $72,000 acting as critical resistance.
Coinbase's future is intertwined with the explosive growth of the cryptocurrency market. The crypto exchange's resilient and diversified business model exemplifies its innovation.
Blue-chip stocks are always the best choice if you're looking for big gains without loading up on speculative stocks. The oversold blue-chip stocks to buy provide more consistent upside for investors, with strong long-term growth opportunities.