EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Stocks

Coinbase Stock Moves Over 17% Higher

Admin by Admin
February 16, 2023
in Stocks
0
Coinbase Receives Bank Of Spain Registration
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter
Event Event

Crypto-trading platform operator Coinbase Global (COIN -5.71%), saw its share price shoot nearly 18% higher on today.

The crypto rally just keeps plowing ahead, and today, nearly every major coin and token was up substantially.

As ever, Bitcoin set the pace; as of midafternoon, the coin was up more than 8% over the preceding 24 hours, according to data compiled by CoinGecko, after it crossed the $24,000 barrier. Even goofy fun coins were having a moment — Dogecoin, for one, was rising by 6%.

The latest macroeconomic news is helping to support this. While the latest U.S. Consumer Price Index (CPI) statistics released this week weren’t overly encouraging, they did show that the pace of inflation growth continues to slow.

That’s good news for asset classes considered to be relatively risky, and cryptocurrencies — plus related businesses — fall squarely into that category.

The path of Coinbase stock is typically blazed by the cryptocurrencies that trade through its platform, with the far-and-away leader being Bitcoin.

For crypto bulls, then, Coinbase is a sideways and/or complementary play on this ever-volatile asset class; folks who believe the rally will last for some time should consider a position in the stock.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Source: Motley Fool
Tags: coinbaseCryptocurrencyStocks
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Stanford University’s Former Dean And A Scientist Behind SBF’s Bail Bond

Next Post

Hong Kong To Legalize crypto

Admin

Admin

Next Post
PolyNetwork Remains Suspended 24 Hours After $5m Hack

Hong Kong To Legalize crypto

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Axie Infinity price

Axie Infinity Price Eyes 25% Gains Ahead of the Token Unlock

April 21, 2023
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance Refocuses Efforts For Belgian Clients

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

October 2, 2023
While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

October 2, 2023
HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

October 2, 2023
Russian Actor Loses Over $250k To Crypto Scam

Russian Actor Loses Over $250k To Crypto Scam

October 2, 2023

Recent News

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

October 2, 2023
While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

October 2, 2023
HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

October 2, 2023
Russian Actor Loses Over $250k To Crypto Scam

Russian Actor Loses Over $250k To Crypto Scam

October 2, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

October 2, 2023
While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

October 2, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>