Why Coinbase (COIN) Shares Are Trading Lower Today [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
Shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) fell 5.1% in the morning session after stocks with exposure to the crypto space declined as momentum in the crypto market weakened following a strong rally that began in the weeks leading up to the November 2024 elections. Investors had hoped for more favorable regulation under a new administration. Although the incoming Trump administration's victory was initially viewed positively, the market now appears to be searching for new catalysts to sustain its momentum. Additionally, profit-taking by investors may be contributing to the downturn. Notably, Bitcoin—the largest cryptocurrency by market capitalization—fell by more than 10% after reaching a record high of $106,000 on December 16, 2024. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Coinbase? Access our full analysis report here, it's free What The Market Is Telling Us Coinbas
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COIN
News
- Bitcoin Prices Trade Close To $95,000 After Nearly 5% Drop [Forbes]Forbes
- If You Gifted Your Family $100 In Bitcoin, Dogecoin And Ethereum Last Christmas, Here's How Much They Would've Had This Christmas [Yahoo! Finance]Yahoo! Finance
- Crypto readies its wish list for Trump [Yahoo! Finance]Yahoo! Finance
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Trump policy could bring 'enormous vindication' for crypto: Expert [Yahoo! Finance Canada]Yahoo! Finance Canada
COIN
Earnings
- 10/30/24 - Miss
COIN
Sec Filings
- 12/26/24 - Form 4
- 12/26/24 - Form 144
- 12/23/24 - Form 144
- COIN's page on the SEC website