Since Bitcoin (BTC) was launched in 2009, it has witnessed an unprecedented rise from a penny to a record high of $73,750 on March 14. The Bitcoin halving event in April, however, failed to jack up its price. Instead, the price of BTC fell below $60,000 and entered correction territory the following month. BTC recently defied the bearish trend and bounced back above $63,000. BTC jumped 5.7% on July 15 to trade as high as $63.768, per Dow Jones Market Data. The price of BTC may still be well below its all-ti ...

COIN Stock Surges as Crypto Sector Regains Momentum Of the two candidates who are likely to be on the ballot in November, Trump's stated stance on the crypto sector is much more bullish for investors. Accordingly, as Trump's chances of re-election rise, so too do the hopes of crypto investors. Today's move in COIN and other crypto-related stocks appears to be tied directly to expectations that Trump will be the likely winner of the upcoming election. Previous comments tied to crypto regulation and legitimiz ...

SAN ANSELMO, CALIFORNIA - JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. (Photo Illustration by Justin Sullivan/Getty Images) Coinbase, MicroStrategy, and Riot Platforms su ...

Shares of Coinbase Global (COIN 1.58%) rose 27.8% in the first half of 2024, according to data from S&P Global Market Intelligence. Its first-quarter earnings results crushed it, and the company saw an explosion of trading volume, with $312 billion passing through its platform. That was a 102% increase from the prior quarter and a 115% increase from the same period one year earlier. Its institutional trading platform, Coinbase Prime, saw record trading activity and an unprecedented number of active clients ...

Stablecoins provide hundreds of millions of dollars in revenue to Coinbase (COIN -2.25%) each year, and approval for partner Circle to operate in Europe is another step toward being the global standard. In this video, Travis Hoium shows why this is such a big deal for Coinbase. *Stock prices used were end-of-day prices of July 10, 2024. The video was published on July 11, 2024. Coinbase partner Circle is the first to be approved to operate in Europe. ...

Investors need to be careful as we enter the year's second half. Many analysts are warning of choppy waters ahead for the market. Investment bank Morgan Stanley (NYSE:MS) just warned of a stock market correction, forecasting a decline of 10% or more in the current third quarter. Should the predictions prove true with a market pullback, certain stocks look more vulnerable than others to a fall. Coinbase Global (COIN) As Bitcoin (BTC-USD) goes, so too goes cryptocurrency exchange Coinbase Global (NASDAQ:COIN) ...

Coinbase (COIN) I believe Coinbase's profitability in Q2 is at risk, especially due to the underperformance of spot Bitcoin (BTCUSD) ETFs. Moreover, Coinbase also lost "most of its motion" to dismiss the Securities and Exchange Commission's lawsuit. While some analysts offer bullish long-term targets for the stock, I'm not so optimistic. Crypto-related stocks are to be bought when the market is trading at depressed levels, but now does not seem like the right time. Cathie Wood's portfolio hasn't performed w ...

The bankrupt Japanese Bitcoin exchange recently announced that it has started repayments in Bitcoin and Bitcoin cash to some of the creditors through a number of designated crypto exchanges. The total size of repayment is approximately $9 billion. The trustee for the Mt. Gox bankruptcy estate, Nobuaki Kobayashi, also said that the remaining funds would be returned to creditors after meeting a series of conditions. Therefore, investors should accumulate Bitcoin using a buy-on-the-dip strategy. Every dip in t ...

Amid the recent crypto market downturn, now might be the perfect time to capitalize on long-term growth potential. If you haven't noticed, the crypto market has been going through a bit of a challenging stretch over the last couple months. After seemingly only going up to start off 2024, it is now struggling to sustain much if any momentum. However, as history has shown, these corrections are healthy and common in bull markets, and in most scenarios, they provide investors with a valuable opportunity. Here ...

*Stock prices used were end-of-day prices of June 30, 2024. The video was published on July 1, 2024. Coinbase's great run isn't over. Coinbase (COIN -2.23%) continues to make progress in building disruptive blockchain technology, and in this video, Travis Hoium gives five major signs the company is winning in the market and will grow significantly in 2024. ...