Coinbase stock

2022 - 8 - 4

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Coinbase Stock Has Jumped Since Cathie Wood Sold. Is It a Buy? (TheStreet)

Coinbase shares have as much as doubled since asset manager Cathie Wood's Ark sold it. What does it look like on the chart now?

If it continues to fade, the bulls will want to see it hold the $79 to $82 area. But the bulls would have liked to see it hold above the psychologically relevant level of $100, as well as the 21-week moving average. At today's high of $116.30 this morning, the stock more than doubled from Ark’s sale price. If this area holds, the bulls could have a potential long setup to work with. The sales also came after reports of an SEC investigation into the company. If the price action was bullish, the stock would have reclaimed prior resistance and used it as support to push even higher.

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Why Coinbase Global Stock Exploded Higher This Week (Motley Fool)

The country's largest cryptocurrency trading platform just got a serious vote of confidence.

Ryan also posits that the deal seems to confirm the trend of institutional investors staking a claim in cryptocurrency for the long term and says that Coinbase is "still executing on its longer-term plans and playing offense." In a blog post on its website, Coinbase announced that it had been selected by investment manager BlackRock ( BLK 0.79%) to handle its cryptocurrency transactions via a direct connection between Coinbase Prime and BlackRock's Aladdin investment management platform. JMP Securities analyst Devin Ryan was "encouraged" by the news that Coinbase was chosen by BlackRock. While the deal might not have an immediate impact on revenue, it serves to have "other important implications for both the company and the crypto industry more broadly."

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Coinbase shares soar 10% in boost from meme traders, BlackRock ... (CNBC)

Shares of Coinbase soared Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin ...

The unusual jump in Coinbase this week could be related to investors who were betting against the stock scrambling to cover their short positions, a so-called short squeeze. Crypto has also gone down with the broader sell-off in risk assets and is further handicapped by the financial contagion that stemmed from the Terra collapse in the spring. That interest is a beacon in the night for the crypto community.

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Stock Market News Today: Dow, S&P 500 Inch Lower While ... (The Wall Street Journal)

BlackRock, the world's largest money manager, announced a partnership with Coinbase Global on Thursday—some good news for an industry where layoffs and ...

The stock rose more than 30% when the market opened and was recently up about 14% at $91.82.\n\nBlackRock’s institutional clients who also own digital assets on Coinbase will now be able to use Aladdin, the asset manager’s suite of software tools, to manage their portfolios and conduct risk analysis on investment decisions.\n\nFor now, the partnership applies only to bitcoin. Coinbase is also facing an investigation from the Securities and Exchange Commission on whether it improperly allowed Americans to trade digital tokens that should have been registered as securities, according to a Bloomberg report.\n\nAsked about the timing of this partnership, a BlackRock spokeswoman said it was part of the asset manager’s long-term cryptocurrency strategy. Client demand will determine how the partnership will expand to other digital assets, a BlackRock spokeswoman said.\n\nA plunge in cryptocurrency prices have prompted layoffs at Coinbase as well as Gemini Trust, two of the largest cryptocurrency exchanges.

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Coinbase Stock Soars as the Exchange Forms Crypto Partnership ... (Barron's)

A partnership on institutional Bitcoin trading marks a push into crypto by the world's largest asset manager and an endorsement for the embattled exchange.

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Coinbase Stock Soars on BlackRock Partnership News (Coindesk)

Shares of the crypto exchange opened trading up 31% on Thursday.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Coinbase stock has declined more than 60% year-to-date with the onset of the cryptocurrency bear market. "Calls that crypto is dead have been overdone," said Edward Moya, senior market analyst for the Americas at OANDA. "In fact, crypto is alive and well.

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Coinbase stock extends its rally. Is the recent spike warranted? (MarketWatch)

Coinbase Global Inc. shares were extending their bounce Thursday after the cryptocurrency marketplace racked up a number of partnership announcements.

The stock rose 20.2% in Wednesday’s session and 7.2% in Tuesday trading. He added that institutional investors “are increasingly interested in gaining exposure to digital asset markets.” Depressed volumes suggest it was not.” Coinbase shares have lost nearly two thirds of their value so far this year, while bitcoin has lost about half its value and as the S&P 500 SPX, -0.16%has fallen about 13%. “But was this merited? His analysis indicated that Coinbase saw perhaps $1.8 billion of cryptocurrency trading volume on its platform Tuesday, “barely above July’s ‘crypto winter’ levels, suggesting that the hype was premature.”

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Here's Why Coinbase Stock Surged 39% Today. Is Now the Time to ... (Motley Fool)

Coinbase partners with BlackRock to provide cryptocurrency assets to institutional investors. Read on for the details.

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. The news comes despite a brutal downturn within the crypto sector that caused the space to lose $2 trillion in value overall, and Coinbase stock (Nasdaq: COIN) to tank more than 60% since the start of the year. We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Coinbase is priced at a deep 73% discount from its all-time high, yet BlackRock, which has more than $8 trillion under management, is taking a big jump into crypto and the digital trading exchange in particular. Tor Constantinohas positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a This is not financial advice, and investors should always do their due diligence, researching any potential investments and investing only what they can comfortably afford to lose.

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