Tag: Coinbase

What major analysts say bitcoin ETF approval means for Coinbase shares

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Cryptocurrencies have faced a turbulent few days in anticipation of — and reaction to — the Securities and Exchange Commission finally approving trading in 11 new spot bitcoin ETFs in the U.S. These newly-launched ETFs spell good news for the crypto market, since they help legitimize an industry that has long been viewed skeptically by regulators and institutional investors alike. The ETFs will also ease the way for retail investors to trade in crypto, giving them the ability to buy and sell various coins through a traditional vehicle that they’re…

Coinbase, Robinhood shares rise as bitcoin ETF approval adds credibility to cryptocurrency industry

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SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. (Photo Illustration by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images Shares of Coinbase and Robinhood popped Thursday as traders bet the approval of bitcoin exchange-traded funds…

Bitcoin Blasts Off As Institutionals Continue Buying On Coinbase

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Bitcoin has observed a sharp rally beyond the $47,000 level as data shows buying pressure on Coinbase has displayed no signs of letting off. Bitcoin Has Surged More Than 4% In Last 24 Hours As ETF Deadline Nears After the asset’s indecisiveness over the last few days, the cryptocurrency has appeared to have picked its direction in the last 24 hours, as its price has increased sharply. At the peak of this surge, the coin had crossed beyond the $47,300 mark, but since then, the coin has registered some pullback…

Coinbase Expects A Repeat Of 2018-2022 Bitcoin Cycle, What This Means For Crypto

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Crypto exchange Coinbase, one of the largest exchanges in the world, has released its latest report on Bitcoin and the crypto market, highlighting its expectations for the Industry. The 44-page report launched by Coinbase Institutional in conjunction with Glassnode predicts a repeat of one of the most explosive bull markets in recorded crypto history; the 2018-2022 market cycle. Coinbase Says Bitcoin Will Repeat 2018-2022 Cycle In the report, Coinbase and Glassnode analysts take into account a number of indicators and metrics, such as total supply in profit, among others, to…

Coinbase says Bitcoin, Ethereum current cycles resemble 2018-2022

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Bitcoin and Ethereum are seemingly following the pattern of previous years, when their prices jumped by 500% and 1,000% respectively, Coinbase research says. The current crypto market cycle for Bitcoin (BTC) and Ethereum (ETH) closely echoes the period between 2018 and 2022, when both cryptocurrencies witnessed a significant surge in their prices, according to the latest research report conducted by Coinbase Research and Glassnode. As noted by analysts, various metrics of cyclicality, including net unrealized profit/loss and supply in profit, follow the previous trends and indicate that the current state…

U.S. SEC Seeks to Leverage Terraform (UST) Win in Coinbase (COIN), Binance Disputes

Judge Jed Rakoff, the U.S. District Court for the Southern District of New York judge overseeing the Terra case, sided with the SEC in an end-of-year ruling. In it, he said that the case from defendants Terraform and founder Do Kwon “asks this court to cast aside decades of settled law of the Supreme Court,” the judge determined. “The court declines the defendants’ invitation.” Source

ARK Invest sells another $25m worth of Coinbase shares

ARK Invest, led by Cathie Wood, sold 166,183 shares of Coinbase Global Inc., valued at around $25.3 million, continuing its trend of offloading shares of the cryptocurrency exchange. The firm’s latest filings reveal that the ARK Innovation ETF (ARKK) offloaded 145,048 Coinbase shares, while the ARK Next Generation Internet ETF (ARKW) sold 21,135 shares of the crypto exchange on Jan. 3 The sales come on the heels of ARK Invest divesting over $200 million worth of Coinbase shares in recent weeks, underscoring a significant shift in the firm’s investment strategy…

Coinbase (COIN) Buckles 10%, Bitcoin Miners Falter Despite BTC Price Rallying to $45K

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MicroStrategy buys BTC, Trump transfers ETH to Coinbase, spot ETF drama continues, Zhao grounded

This week, business intelligence firm MicroStrategy augmented its Bitcoin (BTC) stash with $615 million. The drama surrounding the spot BTC ETF continued, while, a U.S. court affirmed that Binance founder Changpeng Zhao remains in the country until his sentencing. MicroStrategy accumulates, Trump distributes MicroStrategy continued its Bitcoin buying spree on Dec. 27 when the firm purchased an additional 14,620 Bitcoin at an average price of $42,110 per token, according to chairman Michael Saylor. The company now holds 189,150 Bitcoin currently valued at $7.99 billion. MicroStrategy procured these tokens at an…