What’s Going On With Coinbase Global Stock?
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Published by
Benzinga
Benzinga
Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher Monday amid strength in the price of Bitcoin (CRYPTO: BTC). Here’s a look at what’s going on. What To Know: Coinbase shares have fallen through much of January after the approval of several spot Bitcoin ETFs became a “sell the news†event, and the price of Bitcoin fell. However, Bitcoin has gained more than 8% over the past five days and is trading above $43,000 on Monday. Several crypto-related stocks, including Coinbase, are moving higher with Bitcoin. On Friday, Oppenheimer analyst Owen Lau upgraded Coinbase from Perform to Outpe…