Coinbase Global, Inc. Stock News

During the March 2025 rebalancing of the S&P 500 index, it was highly anticipated that the stock of cryptocurrency exchange Coinbase (NASDAQ: COIN) would join the list.

Subscribers to  Chart of the Week  received this commentary on Sunday, March 30.

Cryptocurrencies and crypto-linked stocks have reportedly slumped alongside the S&P 500 Index amid traders' concerns about a global trade war and a possible recession. Bitcoin has lost more than 10% of its value and Ether has lost more than 45% since the beginning of the quarter, Bloomberg reported Monday (March 31).

Despite recent market turmoil, Coinbase's valuation has dropped significantly, making it a compelling dip to buy. I'm upgrading the stock to a buy rating. Altcoin prices have shown resilience relative to Bitcoin's sharper drop, which may mean Coinbase's trading revenue won't fall as much as feared. Continued innovation, such as Coinbase One Premium at $300/month and Bitcoin-backed loans, is dri...

The markets are flexing their gains today, with all three of the major stock market indices holding onto earlier gains.

Coinbase stock price has crashed into a bear market this year as the crypto industry remains on edge, with most coins crashing. COIN shares plunged to a low of $176 this month, down by almost 50% from the year-to-date high.

Catch up on the latest cryptocurrency prices and news. The post Cryptocurrency Prices And News: Bitcoin, Miners Rebound On Fed Meeting appeared first on Investor's Business Daily.

President Donald Trump's plans to create a strategic crypto reserve generated sector tailwinds earlier this month.