Coinbase Global Inc. ($COIN) Stock Forecast: Up 5.3% Today

What is Coinbase Global Inc.?

Coinbase (COIN) is a leading cryptocurrency exchange platform that allows users to buy, sell, and store various digital assets.

Why is Coinbase Global Inc. going up?

COIN stock is up 5.3% on Jul 2, 2025 18:41

• Coinbase's bullish movement today can be attributed to its recent acquisition of LiquiFi, a token management platform, which is the fifth acquisition made by the exchange this year. This move is seen as a strategic expansion of services to support early-stage projects and simplify token launches.
• Despite facing some challenges such as a legal setback and a share sale by Ark Invest, Coinbase's stock managed to rally as analysts foresee a potential gain in Q2 earnings, which instilled confidence among investors.
• The news of Cathie Wood doubling down on Tesla and selling a significant amount of Coinbase stock might have initially caused some volatility in COIN's price, but the overall positive sentiment towards the exchange prevailed, leading to a bullish market movement.
• Additionally, the potential impact of Circle's bid to launch a federally regulated trust bank on USDC's market dominance could have indirectly contributed to the positive outlook for Coinbase, as it operates in the same cryptocurrency ecosystem.

COIN Price Chart

COIN Technical Analysis

COIN News

Coinbase Acquires Token Management Platform LiquiFi as Exchange Aims to Expand Its Services

The acquisition, the fifth this year for the exchange, will help early-stage projects, Coinbase said in a blog post.

https://decrypt.co/328192/coinbase-acquires-token-management-platform-liquifi-as-exchange-aims-to-expand-its-services

Coinbase acquires token management platform Liquifi

Coinbase's acquisition of Liquifi aims to address the complexity of token launches by onchain builders by making them faster and easier.

https://cointelegraph.com/news/coinbase-acquires-token-management-platform-liquifi

Cathie Wood Doubles Down On Tesla Amid Elon Musk's Feud With Trump, Sells $3 Million Worth Of Coinbase Stock - Grayscale Bitcoin Mini Trust ( BTC ) Common units of fractional undivided beneficial interest ( ARCA:BTC )

On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. and Coinbase Global Inc. . These trades reflect Ark's strategic positioning amid ongoing market developments. The transactions occurred as Tesla faced a dip in share price due to external factors, while Coinbase ...

https://www.benzinga.com/news/25/07/46211529/cathie-wood-doubles-down-on-tesla-amid-elon-musks-feud-with-trump-sells-3-million-worth-of-coinbase-stock

Coinbase Sags After Dual Blow of Supreme Court Decision, Ark Share Sale

Coinbase faces legal setback and $95M selloff but analysts see upside potential and are predicting $1.33 per share gain in Q2 earnings.

https://decrypt.co/327979/coinbase-sags-ark-invest-supreme-court

Circle's Trust Bank Bid: Will This Boost USDC's Market Dominance?

CRCL's bid to launch a federally regulated trust bank could reshape USDC's role in digital finance and boost revenues.

https://www.zacks.com/stock/news/2559283/circles-trust-bank-bid-will-this-boost-usdcs-market-dominance

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Coinbase Global Inc. Price History

18.05.2025 - COIN Stock was up 6.5%

• Coinbase is seeking SEC approval to offer "tokenized equities," indicating a move towards expanding its services beyond cryptocurrencies.
• The positive analyst coverage on Coinbase suggests growing confidence in the company's future prospects.
• Despite facing backlash for sponsoring a US Army parade, the bullish market movement could be attributed to the potential expansion into blockchain-based stocks and positive analyst initiations.
• The news of Coinbase's strategic priorities and potential new offerings may have instilled confidence in investors, leading to the bullish market movement.

18.05.2025 - COIN Stock was up 18.4%

• Following a stablecoin bill's clearance in the Senate, both Coinbase and Circle stocks saw a surge, reflecting a favorable regulatory development for the cryptocurrency sector.
• Coinbase made headlines by applying for SEC approval to provide tokenized equities, showcasing its innovation and potential expansion opportunities.
• Despite receiving criticism for sponsoring a US Army parade, Coinbase's introduction of new offerings such as tokenized stocks, along with positive analyst coverage, likely contributed to the bullish market movement.
• Market observers are keeping a close eye on the potential impact of Fed rate cuts on Coinbase's revenue stream.

25.05.2025 - COIN Stock was up 15.7%

• Coinbase's bullish movement can be attributed to its claim of playing a significant role in the US Secret Service's record-breaking crypto seizure, showcasing its involvement in combating crypto-related crimes.
• The surge in US crypto stocks, including Coinbase, amidst the Iran-Israel ceasefire agreement indicates a growing interest in cryptocurrencies as alternative assets during geopolitical uncertainties.
• The rebound of Bitcoin to $105K, coupled with Coinbase's premium hitting a new high, reflects positive sentiment towards both the cryptocurrency market and Coinbase's services.
• Wall Street potentially underestimating Coinbase's stablecoin business could be a missed opportunity, as the company stands to benefit from the increasing adoption and growth of stablecoins in the crypto economy.

26.05.2025 - COIN Stock was up 5.4%

• COIN stock reached a new 52-week high today, showing strong bullish movement.
• Analysts liken Coinbase to the 'Amazon of crypto services' and have raised its price target to $510, highlighting its competitive edge and robust institutional custody business.
• The recent uptrend in COIN can be attributed to growth in stablecoins, regulatory victories, and analyst upgrades, bolstering investor confidence.
• The positive sentiment in the crypto industry, fueled by regulatory tailwinds and sector positivity, may have influenced the rise in COIN stock.

02.06.2025 - COIN Stock was up 5.3%

• Coinbase's bullish movement today can be attributed to its recent acquisition of LiquiFi, a token management platform, which is the fifth acquisition made by the exchange this year. This move is seen as a strategic expansion of services to support early-stage projects and simplify token launches.
• Despite facing some challenges such as a legal setback and a share sale by Ark Invest, Coinbase's stock managed to rally as analysts foresee a potential gain in Q2 earnings, which instilled confidence among investors.
• The news of Cathie Wood doubling down on Tesla and selling a significant amount of Coinbase stock might have initially caused some volatility in COIN's price, but the overall positive sentiment towards the exchange prevailed, leading to a bullish market movement.
• Additionally, the potential impact of Circle's bid to launch a federally regulated trust bank on USDC's market dominance could have indirectly contributed to the positive outlook for Coinbase, as it operates in the same cryptocurrency ecosystem.

26.05.2025 - COIN Stock was up 7.5%

• Coinbase's stock saw a significant bullish movement due to a drumbeat of positive regulatory news under the previous administration, creating optimism in the sector.
• Analysts view Coinbase as the 'Amazon of Crypto Services', attributing its bullish momentum to its competitive edge against emerging rivals like Robinhood and its strong institutional custody business.
• The rally in crypto-centric stocks like COIN was fueled by a new Senate bill to reduce SEC oversight, stablecoin bill, and regulatory tailwinds, boosting confidence in the sector.
• COIN hit a new 52-week high as stablecoin growth, regulatory wins, and analyst upgrades contributed to its record close, reflecting the market's positive sentiment towards the company's future prospects.

16.05.2025 - COIN Stock was up 5.3%

• Gemini and Coinbase are expected to secure EU licenses under MiCA, possibly boosting investor confidence in COIN and signaling regulatory approval and expansion opportunities in the European market.
• The surge in trading volume of meme coin Fartcoin on Coinbase, surpassing popular coins like Dogecoin, may have drawn more traders to the platform, leading to increased activity and demand for COIN.
• An investigation by Pomerantz Law Firm on behalf of investors of Coinbase Global Inc. could have initially caused some uncertainty, but the bullish movement indicates that investors are not overly concerned about the claims.
• The stress test faced by Coinbase's S&P 500 debut, with tariff shocks and volatility impacting the rally, might have initially created some market turbulence. However, the strong bullish movement suggests that investors are optimistic about Coinbase's long-term growth potential despite short-term risks.

06.05.2025 - COIN Stock was up 5.3%

• Coinbase's significant price increase today could be linked to the positive mood in the cryptocurrency market, with Fartcoin surpassing tokens like Dogecoin and Shiba Inu.
• Initial concerns among investors due to the investigation by Pomerantz Law Firm were swiftly disregarded by the market, prompting the bullish trend.
• By comparing Coinbase to entities such as MicroStrategy and observing the prosperous IPO of stablecoin issuer Circle, investor assurance in Coinbase's stature within the crypto sector likely grew.
• The potential addition of Robinhood to the S&P 500 may have also influenced the optimistic market atmosphere, showcasing the expanding impact of retail investors and the prevailing positivity in the stock market.

27.05.2025 - COIN Stock was down 6.5%

• Coinbase stock experienced a bearish movement despite positive developments within the company.
• The outperformance of crypto equities over major tokens could have shifted investor focus away from individual cryptocurrencies like Bitcoin and Ethereum, impacting Coinbase's stock negatively.
• The upcoming launch of Coinbase's US perpetual futures could have led to profit-taking by investors, causing a temporary dip in the stock price.
• The mixed sentiments from analysts, with some being bullish and others cautious, might have contributed to the volatility and downward pressure on Coinbase's stock.

27.05.2025 - COIN Stock was down 5.2%

• The bearish movement in COIN today could be attributed to profit-taking by investors after the stock had been soaring to new heights recently.
• The news of the upcoming launch of US perpetuals by Coinbase might have raised concerns about potential regulatory challenges or market competition, leading to a sell-off.
• The addition of Cardano and Litecoin to Coinbase's Base network could have caused uncertainty among investors, possibly indicating a shift in focus away from mainstream cryptocurrencies like Bitcoin and Ethereum.
• Overall, the market sentiment towards COIN seems to be mixed, with some analysts optimistic about its growth potential while others remain cautious about a possible pullback.

12.05.2025 - COIN Stock was down 5.9%

• Despite Fartcoin's impressive surge and positive analyst coverage, Coinbase (COIN) experienced a strong bearish movement today.
• The focus on expanding subscription and services revenues to stabilize income, amidst volatile trading revenues, may not have resonated well with investors.
• While COIN has outpaced the industry in the past three months, the ongoing investigation by Pomerantz Law Firm could have raised concerns among investors, leading to the bearish market movement.
• The competition in the cryptocurrency market, coupled with regulatory uncertainties and potential legal issues, might have contributed to the negative sentiment surrounding COIN today.

24.05.2025 - COIN Stock was up 6.9%

• Hut 8 securing a fixed-rate loan with Coinbase's backing could have instilled confidence in investors, leading to increased buying activity and driving up COIN's stock price.
• The surge in ARK ETFs, which include COIN among other tech stocks, could have created positive sentiment around COIN, contributing to its bullish movement.
• Despite a recent cybersecurity incident causing a slight dip in COIN's shares, the overall positive news such as Circle stock becoming a significant component of an index and an increased target price by Benchmark could have outweighed the negative impact, resulting in a strong bullish movement for COIN today.