6:15 PM · 23 June 2021

Coinbase stock soars higher as Bitcoin rebounds

Coinbase
Stocks
COIN.US, Coinbase Global Inc - class A
-
-

Coinbase (COIN.US) stock jumped more than 2% trying to erase recent losses as the cryptocurrency exchange benefits from bitcoin price rebound. Much of Coinbase's business is closely related to the price of bitcoin and ether, even if users continue to conduct transactions regardless of whether the prices of cryptos go up or down. In other words, Coinbase generates less revenue during bear markets, though the company plans to change this in the future. Also news that Ark Invest’s Cathie Wood recently acquired 214,718 shares of Coinbase worth approximately $47.8 million  in her flagship fund ARK Innovation fund  lifted market sentiment towards the stock.

Coinbase (COIN.US) stock launched today's session higher and is currently testing 50 SMA (green line). Should a break higher occur, then upward move may accelerate towards resistance at $256.10 which coincides with 23.6 Fibonacci retracement of the recent downward wave. However, if sellers will manage to regain control, then another downward impulse towards all-time low at $208.40 could be launched. Source: xStation5

13 October 2025, 5:05 PM

Goldman Sachs boosts sentiment on Estée Lauder shares 💡

13 October 2025, 3:28 PM

US OPEN: "Green" Start to the Week on Wall Street

13 October 2025, 2:37 PM

OpenAI Announces Partnership with Broadcom. Company Shares Soar!

13 October 2025, 12:16 PM

DE40: Europe's markets recovering from correction

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits