Coinbase Global Inc. ($COIN) Stock Forecast: Down 7.1% Today

What is Coinbase Global Inc.?

Coinbase Global Inc. (COIN) operates as a prominent cryptocurrency exchange platform, enabling users to engage in trading, purchasing, and storing various digital assets. The cryptocurrency market has displayed notable volatility recently, with noteworthy price swings seen in major coins like Bitcoin.

Why is Coinbase Global Inc. going down?

COIN stock is down 7.1% on Feb 3, 2026 19:44

• Despite positive reinforcement from Cathie Wood's Ark Invest regarding BitMine and Coinbase stocks, the downtrend in COIN's performance indicates that general market sentiment towards cryptocurrencies could be affecting investor trust.
• The growing interest in active speculation and hedging within the cryptocurrency sphere, as discussed in recent analyses, may be exacerbating volatility and selling pressure on COIN shares.
• The introduction of JPMorgan Chase's Enhanced Notes tied to the iShares Bitcoin Trust ETF highlights the risks associated with crypto investments, prompting investors to reconsider their positions in COIN.
• With Hyperscale Data Inc. amassing a substantial Bitcoin treasury, attention is shifting away from conventional cryptocurrency exchanges such as Coinbase, potentially impacting COIN's outlook as investors explore diverse avenues for exposure to digital assets.

COIN Price Chart

COIN Technical Analysis

COIN News

Cathie Wood's Ark Invest Doubles Down on BitMine, Coinbase Stocks Amid Bitcoin Plunge

Cathie Wood's investment firm, Ark Invest, added exposure to crypto-related equities despite a continuing slide in crypto prices.

https://decrypt.co/356813/cathie-woods-ark-invest-doubles-down-bitmine-coinbase-stocks-bitcoin-plunge

From Holding to Hedging: The "Crypto Casino" Trade Is Taking Over

The cryptocurrency market is experiencing a shift from passive holding to active hedging and speculation due to a lack of price appreciation in Bitcoin. Companies like Cboe Global Markets (CBOE) and Coinbase Global (COIN) are pivoting their strategies to capitalize on this trend by expanding into derivatives and prediction markets. This article suggests that investors should focus on the "picks-and-shovels" businesses that facilitate trading rather than solely relying on the underlying asset's price movement.

https://www.marketbeat.com/originals/from-holding-to-hedging-the-crypto-casino-trade-is-taking-over/

Harrow Stock (+9.7%): Commercial Expansion Ignites Institutional Buying

Harrow stock (HROW) surged 9.7% on aggressive volume after reaffirming 2025 guidance and announcing a significant expansion of its commercial sales force for key ophthalmic drugs VEVYE, TRIESENCE, and IHEEZO. This strategic shift, including doubling the sales force and entering new markets, signals a focus on accelerating top-line growth in 2026. The move, marked by a pre-market gap-up and sustained institutional buying, suggests a strong market reaction to the company's aggressive commercial plan rather than just a guidance reaffirmation.

https://www.trefis.com/stock/hrow/articles/589427/harrow-stock-9-7-commercial-expansion-ignites-institutional-buying/2026-02-03

Guarantor: JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Capped Buffered Return Enhanced Notes linked to the iShares® Bitcoin Trust ETF, guaranteed by JPMorgan Chase & Co. These notes provide investors with 1.50 times the appreciation of the ETF up to a maximum return of at least 128.00% at maturity, but investors risk losing up to 85.00% of their principal. The offering highlights the significant risks associated with investments tracking cryptocurrencies due to bitcoin's high price volatility and evolving regulatory landscape.

https://www.streetinsider.com/SEC+Filings/Form+424B2+JPMORGAN+CHASE+%26amp%3B+CO/25933799.html

Hyperscale Data Bitcoin Treasury at 575.5418 Bitcoin; Cash and Bitcoin Holdings at Approximately 142.78% of Market Capitalization

Hyperscale Data Inc. announced that its Bitcoin treasury holds 575.5418 Bitcoin, valued at approximately $44.3 million as of February 1, 2026. This, combined with $52.2 million in cash, brings their total holdings to $96.5 million, representing about 142.78% of the company's market capitalization. Executive Chairman Milton "Todd" Ault III reemphasized their commitment to the Bitcoin treasury strategy, citing a disconnect between the company's share price and its balance sheet strength.

https://www.prnewswire.com/news-releases/hyperscale-data-bitcoin-treasury-at-575-5418-bitcoin-cash-and-bitcoin-holdings-at-approximately-142-78-of-market-capitalization-302677106.html

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Coinbase Global Inc. Price History

29.00.2026 - COIN Stock was down 5.5%

• The decline in Coinbase's stock today may be due to several factors:
• Negative sentiment in the cryptocurrency market, evident from the significant outflow from the Bitwise Ethereum ETF owing to concerns about Ethereum's price direction and market sentiment in general.
• Anticipation surrounding the upcoming earnings release for Intercontinental Exchange (ICE), a major player in the financial industry, possibly prompting investors to adjust their investments, impacting Coinbase's stock performance.
• Despite Coinbase's CEO, Brian Armstrong, endorsing the TrumpAccounts program as a charitable initiative, this development may not have outweighed the broader market trends affecting the stock.
• Insider selling activity in ICE, despite favorable forecasts from analysts, could have influenced investor confidence in related companies like Coinbase.

29.00.2026 - COIN Stock was down 5.3%

• Today, COIN faced significant bearish movement, likely influenced by various factors:
• Coinbase CEO's announcement supporting a program in Bitcoin for employees' kids may have sparked investor concerns and prompted a sell-off.
• The general market sentiment towards cryptocurrencies, particularly in light of recent volatility in Solana (SOL-USD), may have impacted COIN's performance.
• Institutional investors cutting down their stakes in Intercontinental Exchange Inc. (ICE) leading to selling pressure could have contributed to a cautious approach towards financial assets, affecting COIN.
• Profit-taking activities in anticipation of ICE's upcoming earnings release may have further driven the downward pressure on COIN and related sectors like cryptocurrency exchanges.

02.11.2025 - COIN Stock was up 5.4%

• The bullish movement in COIN can be attributed to the overall positive sentiment towards cryptocurrencies, as evidenced by Vanguard opening its brokerage platform to Bitcoin ETFs and Goldman Sachs acquiring a Bitcoin ETF issuer, indicating increasing institutional interest in digital assets.
• The partnership between Citigroup and Coinbase to enhance digital asset payments may have also contributed to the positive market movement for COIN, showcasing growing adoption and integration of cryptocurrencies into traditional financial services.
• The declines in tech and cryptocurrency-related companies, including Coinbase, on Monday may have been a temporary pullback amidst broader market fluctuations, with investors potentially seizing the opportunity to buy the dip in COIN given the long-term bullish outlook for the crypto sector.

03.11.2025 - COIN Stock was up 5.1%

• The bullish movement in COIN stock today can be attributed to the positive sentiment surrounding cryptocurrencies, particularly Bitcoin, as evidenced by a notable figure softening their stance on digital assets and acknowledging their potential for transforming traditional finance.
• A significant US-listed bitcoin ETF becoming the largest also contributed to the bullish trend, reflecting increasing institutional interest and investment in the digital asset space.
• The market may have reacted favorably to the news of a prominent CEO's openness to potential M&A deals in the crypto sector, signaling growing mainstream acceptance and integration of cryptocurrencies into traditional financial services.
• A report projecting a bullish future for institutional crypto adoption and highlighting the role of tokenization and stablecoins as key drivers of growth likely added to the positive momentum in COIN stock, as investors anticipate further institutional inflows into the digital asset market.

15.11.2025 - COIN Stock was down 5.0%

• Coinbase's stock has experienced a significant bearish movement, possibly influenced by the overall negative sentiment towards cryptocurrencies in the market.
• The appointment of a former Coinbase executive to a key position at Opendoor may have diverted attention from COIN, leading to a lack of positive catalysts for the stock.
• Comments from BlackRock's CEO labeling crypto as an "asset of fear" could have added to the negative sentiment surrounding cryptocurrencies, impacting Coinbase's stock price.
• The ongoing Bitcoin acquisition strategy of Strategy Inc (MSTR) and the expense outlook of JPMorgan Chase (JPM) may have indirectly affected COIN's performance, as investors navigate the broader financial landscape for investment opportunities.

14.00.2026 - COIN Stock was up 5.7%

• Coinbase's bullish movement today could be attributed to the overall positive sentiment in the cryptocurrency market, with Bitcoin and other major digital assets seeing strong price appreciation.
• Hut 8 Mining Corp.'s expanded Bitcoin credit line with Coinbase Credit may have indirectly boosted confidence in the crypto sector, leading to increased investment in related companies like Coinbase.
• Strive's landmark approval for the Semler Scientific acquisition, which significantly increased its Bitcoin holdings, could have further validated the legitimacy and potential growth of digital assets, benefiting Coinbase as a key player in the industry.
• Zero Knowledge Proof's $5 million giveaway and the contrasting market dynamics highlighted may have also contributed to the overall positive outlook on cryptocurrencies, indirectly benefiting Coinbase's stock performance.

23.11.2025 - COIN Stock was down 5.1%

• The bearish movement in COIN today could be attributed to the broader market sentiment shifting towards traditional tech stocks like Charles Schwab (SCHW) and away from cryptocurrencies.
• Japan's new crypto regulations impacting companies like Bitfarms might have added to the negative pressure on COIN as investors become cautious about regulatory challenges in the crypto space.
• Despite Coinbase's optimistic projection of stablecoins reaching $1.2 trillion by 2028, the market might be reacting to the overall uncertainty and volatility in the crypto industry, leading to a bearish trend for COIN today.

03.01.2026 - COIN Stock was down 7.1%

• Despite positive reinforcement from Cathie Wood's Ark Invest regarding BitMine and Coinbase stocks, the downtrend in COIN's performance indicates that general market sentiment towards cryptocurrencies could be affecting investor trust.
• The growing interest in active speculation and hedging within the cryptocurrency sphere, as discussed in recent analyses, may be exacerbating volatility and selling pressure on COIN shares.
• The introduction of JPMorgan Chase's Enhanced Notes tied to the iShares Bitcoin Trust ETF highlights the risks associated with crypto investments, prompting investors to reconsider their positions in COIN.
• With Hyperscale Data Inc. amassing a substantial Bitcoin treasury, attention is shifting away from conventional cryptocurrency exchanges such as Coinbase, potentially impacting COIN's outlook as investors explore diverse avenues for exposure to digital assets.

03.01.2026 - COIN Stock was down 5.0%

• The bearish movement in COIN today could be attributed to the overall shift in the cryptocurrency market towards active hedging and speculation. This shift may have led to increased volatility and uncertainty, impacting Coinbase's stock price negatively.
• The announcement of JPMorgan Chase offering enhanced notes linked to a Bitcoin ETF may have diverted some investor interest away from individual cryptocurrency-related stocks like COIN, contributing to the bearish movement.
• Additionally, the strong Q4 earnings report from Bread Financial Holdings Inc. may have attracted investors towards other financial companies, causing a relative decline in interest and investment in Coinbase Global.
• The neutral ratings issued by analysts for Coinbase Global may have also influenced investor sentiment, leading to a more cautious approach towards COIN stock, resulting in the bearish movement observed today.

15.00.2026 - COIN Stock was down 6.2%

• The bearish movement in COIN could be attributed to the reduced Bitcoin yield outlook, as highlighted by a price target cut for MicroStrategy (MSTR), indicating potential concerns about the overall cryptocurrency market.
• The rally in Bitcoin price, driven by fresh inflows from institutional investors like BlackRock, could have diverted some attention away from other cryptocurrency-related stocks such as Coinbase, leading to a downward pressure on COIN shares.
• The increased institutional ownership in Bit Digital, Inc. (BTBT) and the positive sentiment towards Bitcoin as a long-term macro asset may have shifted investor focus towards other cryptocurrency-related companies, impacting the performance of COIN negatively.
• Overall, the bearish movement in COIN today could be a result of shifting investor sentiments towards different cryptocurrency assets and concerns about the Bitcoin yield outlook affecting related stocks in the market.

15.00.2026 - COIN Stock was down 5.0%

• The decline in COIN stock today aligns with the negative trend in the crypto market, as reflected by the dip in ARK ETFs influenced by the broader crypto market downturn.
• The surge in Bitcoin's value and the growing interest from institutional investors, exemplified by BlackRock's engagement, might have drawn focus away from conventional cryptocurrency exchanges like Coinbase, impacting COIN's stock performance adversely.
• High Roller Technologies' advancements in digital finance, such as partnering with Crypto.com and receiving strategic investments, could have lured investors from traditional crypto exchanges like Coinbase, influencing the bearish trajectory in COIN's stock value.
• Analysts' apprehensions regarding the inflated valuations of firms like Hut 8, heavily reliant on Bitcoin-generated revenues, could have had a spill-over effect on market sentiment towards COIN stock, leading to the observed bearish movement.

15.00.2026 - COIN Stock was down 5.1%

• The downward trend in COIN today may be linked to TD Cowen's lower price target for MicroStrategy (MSTR), signaling a diminished outlook for Bitcoin returns. Given Coinbase's close dependency on cryptocurrency performance, any negative sentiment towards Bitcoin could affect investor trust in related firms like Coinbase.
• Moreover, the introduction of Figure Technology's OPEN blockchain-based stock trading network may have diverted attention from conventional cryptocurrency exchanges like Coinbase. This novel platform, offering direct blockchain trading, likely piqued investor interest, shifting focus away from Coinbase.
• The announcement of iPower Inc.'s Digital Asset Treasury strategy and initial investments in Bitcoin and Ethereum could have influenced market sentiment towards COIN. As more companies integrate digital assets into their treasury strategies, competition in the cryptocurrency industry intensifies, potentially impacting the performance of established players such as Coinbase.