When spot Bitcoin (BTC-USD) ETFs were approved on Jan. 10, many thought it signaled a new era for Coinbase (NASDAQ:COIN), the custodian behind eight of the 11 new funds. Millions of investors could now buy cryptocurrency straight from regular trading accounts, and Coinbase’s management went so far as to proclaim that the “future of money is here.” Prices of Bitcoin rose from $25,000 to $49,000 in anticipation of the approval.But so far, the future of money hasn’t been particularly bright. Since Jan. 11, sha ...

Despite the muted enthusiasm around cryptocurrencies such as Bitcoin (USD-BTC) these past few weeks following the Bitcoin spot ETF approval, some blockchain stocks with growth potential could reignite investors’ bullish sentiment.These blockchain stocks are highly rated by Wall Street, with some analysts anticipating double-digit growth for the EPS and revenue figures for these businesses in the future. Much of this optimism may come in the wake of new liquidity being injected into the market from instituti ...

On Jan. 10, the SEC finally approved the first-ever spot Bitcoin (BTC 1.27%) exchange-traded funds (ETFs). For good reason, they have been called the most important new product Wall Street has created in nearly 30 years. That's because these ETFs make the process of buying and selling Bitcoin so simple that practically anyone can do it.As a result, the new Bitcoin ETFs could change the world of crypto investing forever. But there's one thing that they will not change: The need for a long-term, buy-and-hold ...

In 2023, the cryptocurrency market's value surged from about $800 billion at the start of the year to more than $1.6 trillion at the end. After a terrible 2022, investors appear to be much more optimistic about digital assets.Coinbase Global (COIN 3.46%) rode this wave of enthusiasm to new heights. The cryptocurrency stock soared 391% in 2023, a gain that trounced the Nasdaq Composite Index, although it has fallen 26% this year (as of Jan. 22).But is Coinbase a magnificent crypto stock that investors should ...

Coinbase Global Inc. remains a polarizing name on Wall Street. Days after a JPMorgan analyst turned bearish on Coinbase’s stock COIN, +2.12%, warning that enthusiasm about new bitcoin ETFs could prove a “mirage,” an Oppenheimer analyst has moved to a bullish stance.“The long-term competitive position of Coinbase remains strong,” Oppenheimer’s Owen Lau wrote in a Friday note to clients. He argued that Coinbase “is stronger than many people realize, and the management team is tougher than most investors think ...

It's been less than two weeks since the new spot Bitcoin (BTC 3.12%) exchange-traded funds (ETFs) started trading, but they already appear to be a resounding success. In fact, at least two of the new spot Bitcoin ETFs have attracted more than $1 billion in new investor money, and assets under management of these new ETFs are growing at a rapid rate.The big question, though, is whether investors fully intend to make these new ETFs part of a long-term buy-and-hold strategy. Initial data appears to indicate hi ...

Despite growing anticipation behind the U.S. Securities and Exchange Commission’s (SEC) recent approval of Bitcoin (BTC-USD) exchange-traded funds (ETFs), not everyone is so keen on the launch, as evident from JPMorgan’s recent downgrade of Coinbase (NASDAQ:COIN) stock. Indeed, on Monday, the investment bank released a report arguing that the launch of spot Bitcoin ETFS may come to the disappointment of investors. “While we continue to see Coinbase as the dominant U.S. exchange in the crypto ecosystem and a ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 23:Coinbase Global, Inc. (COIN) : This cryptofinance technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.2% over the last 60 days.Coinbase Global's shares gained 56.2% over the last three months compared with the S&P 500’s advance of 13.2%. The company possesses a Momentum Score of A.Wayfair Inc. (W) : This e-commerce compan ...

2024 will likely be “a more challenging year” for Coinbase Global Inc (NASDAQ: COIN), says Kenneth Worthington – a JPMorgan analyst.Coinbase stock has downside to $80Copy link to sectionWorthington downgraded the crypto company this morning to “underweight” and said its shares could tank to $80 – which suggests more than a 35% downside from here.   BTC is now back under $40,000 even though the Securities & Exchange Commission of the United States approved some eleven applications for Spot Bitcoin ETFs on Ja ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Wayfair Inc. (W) : This e-commerce company has seen the Zacks Consensus Estimate for its current year earnings increasing 22.3% over the last 60 days.Kodiak Gas Services, Inc. (KGS) : This compression services company has seen the Zacks Consensus Estimate for its current year earnings increasing 34.1% over the last 60 days.International Consolidated Airlines Group S.A. (ICAGY) : This company which engages in the provision of passenger a ...