Coinbase’s stock pops
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Even as the top digital asset dips below $104K, crypto-linked equities—including Coinbase, Robinhood, and major miners—are flashing green.
The crypto market's rebound comes in correlation with a rise in the US stock market, where the S&P 500 has erased all of its post-reciprocal tariff losses and is now up 0.31% year-to-date (YTD), per Google Finance data.
The company is the first of its kind to join the landmark index. Cryptocurrency skeptics and fans alike say that gives the virtual tender a stamp of legitimacy, but can’t agree if it’s warranted.
If the stock market rally continues, other quality companies that had put their IPO plans on hold are likely to follow,” one expert said.
Marcus pointed to recent regulatory changes that mean Wall Street banks can now custody and offer bitcoin to their customers while “sovereign states and corporations are competi
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Crypto market makers stabilize prices by providing liquidity, aiding price discovery, and reducing volatility while posing regulatory risks.
Florida proposes eliminating capital gains tax on Bitcoin and XRP. Analysts say this move, along with market indicators, could push Bitcoin to $135K.
Investors jumped on shares of Coinbase Global after the Monday night news that the crypto exchange will join the S&P 500 next week.