Bitcoin Rally Poised to Resume: 5 Solid Stocks to Bet on [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
Bitcoin (BTC), which hit an all-time high of $73,750 on Mar 14, has since then pulled back sharply and is now trading below $65,000. In the past month, Bitcoin has fallen more than 8.2%. However, year to date, it has gained 45.4%, which is evidence of the underlying strength of the world's most popular cryptocurrency. That said, the cryptocurrency market holds tremendous potential. The rally, which started in 2023, continued into this year and gathered pace in the second week of January after the U.S. Securities and Exchange Commission (SEC) approved 11 spot Bitcoin exchange-traded funds (ETFs). This approval marked a significant milestone in integrating cryptocurrencies into mainstream finance and is expected to offer consistent backing to the sector in the coming years. The recent decline is thus temporary and being fueled by two major factors. First, the recent geopolitical tensions in the Middle East between Iran and Israel Cryptocurrencies, being traded continuously and
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COIN
News
- The SEC Can't Stop Suing Crypto Companies [Yahoo! Finance]Yahoo! Finance
- Global crypto firms turn to Hong Kong for refuge — and opportunity [Yahoo! Finance]Yahoo! Finance
- Why Robinhood's SEC threat shouldn't worry investors: Analyst [Yahoo! Finance]Yahoo! Finance
- Ethereum Developers Target Ease of Crypto Wallets With 'EIP-3074' [Yahoo! Finance]Yahoo! Finance
- Why Robinhood's SEC threat shouldn't worry investors: Analyst [Yahoo! Finance Canada]Yahoo! Finance Canada
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