Bitcoin Eyes $67K After Halving as Altcoins Primed for Short Squeeze, Hedge Fund Says [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
Funding rates for some altcoins and memecoins turned deeply negative, potentially leading to a swift move higher in a short squeeze, QCP Capital noted. Crypto markets climbed higher Monday with bitcoin {{BTC}} nearing $67,000 as fears about a deeper correction allayed. Bitcoin, which underwent its quadrennial halving event during the weekend cutting the issuance of new supply in half, climbed over 3% over the past 24 hours, recently changing hands at $66,500. Ether {{ETH}} held steady near $3,200, but lagging with its 1.5% advance during the same period. Crypto's strong showing was broad-based, with 163 out of 173 cryptos in the CoinDesk Market Index (CMI) posting positive daily returns. The broad-based CoinDesk 20 Index (CDI) gained over 3% during the day, led by layer-1 blockchain Near Protocol's native token {{NEAR}} up 15%. The bounce extended to digital asset-focused stocks, with shares of crypto exchange Coinbase (COIN) and MicroStrategy (MSTR) rallying 7% and 12%. Pu
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High impacting Coinbase Global, Inc. - Class A news events
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COIN
News
- Coinbase Global, Inc. (NASDAQ: COIN) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $320.00 price target on the stock.MarketBeat
- Coinbase knocked Q1 earnings out of the park—now comes the hard part [Yahoo! Finance]Yahoo! Finance
- Coinbase's Haas Says ‘Just Another Day in Crypto' After Stock Decline [BNN Bloomberg (Canada)]BNN Bloomberg
- Coinbase Falls Despite Q1 Earnings Beat: ETFs in Focus [Yahoo! Finance]Yahoo! Finance
- Bitcoin's Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says [Yahoo! Finance]Yahoo! Finance
COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 5/3/24 - Form 144
- 5/3/24 - Form 4
- 5/2/24 - Form 4
- COIN's page on the SEC website