Coinbase stock and app rankings soar amid crypto market resurgence

Coinbase stock and app rankings soar amid crypto market resurgence
фото показано с : cryptoslate.com

2024-11-12 18:40

Coinbase, the largest crypto trading platform based in the US, has seen its stock climb above $300—a milestone not reached since November 2021.

Data from Yahoo Finance shows that the jump reflects a roughly 11% increase at market opening and coincides with Bitcoin’s recent surge above the $83,000 mark. This strongly aligns with Coinbase’s stock performance and the broader crypto market rally.

Coinbase Stocks (Source: Tradingview)

Market observers have linked this correlation between cryptocurrencies and related stocks to the “Trump trade” effect.

Over the past week, industries expected to benefit from a Trump administration have shown a marked increase, with the crypto sector in particular seeing renewed interest from investors. The President-elect is generally perceived as favorable to the industry due to his numerous pro-crypto promises, which include replacing SEC Chair Gary Gensler and developing a national Bitcoin reserve strategy.

Top 100 apps

Meanwhile, Coinbase’s stock rise coincides with a significant boost in its app ranking into the top 100 apps in the US Apple App Store.

After starting the year ranked outside the top 400, the app’s popularity has surged along with the broader crypto market rally, climbing to as high as 70th position on the overall ranking and fourth place for US financial apps, according to AppFigures.

Coinbase app rankings. (Source: X/Dogetoshi)

The Coinbase app’s ranking has historically served as an indicator of market sentiment. A rise to the top position has often signaled a peak in market interest, as seen in past cycles during December 2017 and October 2021.

The post Coinbase stock and app rankings soar amid crypto market resurgence appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 19.117m EMD / 32m EMD

crypto above coinbase market stock yahoo reflects

crypto above → Результатов: 126


Bitcoin Dominance Could Cause Catastrophic Ending to Current Altcoin Season

Bitcoin is the first-ever cryptocurrency that all other altcoins were designed after, with many providing additional benefits above and beyond what the original crypto has to offer. Altcoins have recently been vastly outperforming Bitcoin in what crypto analysts refer to as an “alt season,” but it all may come to a surprise end leading to... The post appeared first on NewsBTC.

2020-2-10 22:00


$360: Ethereum to See Further 60% Rally After Breaking Key Resistance

Ethereum has been one of the best performing major cryptocurrencies throughout 2020, with ETH posting a massive rally that sent it from yearly lows of $120 to highs of just under $230. This intense uptrend has allowed the crypto to form a highly bullish market structure, and its ability to hold above $225 over the... The post appeared first on NewsBTC.

2020-2-10 01:00


Bitcoin, Tesla Stocks Both Up 32% YTD, Can Crypto Pull Ahead?

The year-to-date gains of Bitcoin (BTC) and Tesla (NASDAQ:TSLA) are both tied right now at 32% (at time of writing). Curiously, this stock has been behaving quite similar to the crypto markets. Bitcoin Still More Volatile, Shows Potential for Bigger Move The question remains whether bitcoin will be capable of a bigger climb, now that prices have established themselves well above $9,300.

2020-1-29 16:00


What Could XRP Price Be if Courts Decide it’s a Commodity?

XRP, Ripple’s native utility token, has been stuck under $0.25 for a number of months now, as traders wait for bullish news to arrive. But what would happen to XRP price if the US court recognized the asset as a commodity and put an end to the ongoing lawsuit?  Wild Predictions Call XRP to Break Above $500 XRP has fought for acceptance and is viewed as a wildcard in the world of crypto, possibly bouncingRead More The post appeared first on Bitcoinist.com.

2020-1-20 18:00


Фото:

Bitcoin blasts through key resistance as analysts eye potentially major upside

Bitcoin is currently in the process of breaking out of its recent consolidation phase, as BTC’s bulls are pushing the crypto up towards its key resistance levels around the $8,300 region. Although it does appear that the cryptocurrency is currently struggling to break above its recent highs of $8,500, its current momentum does appear to […] The post Bitcoin blasts through key resistance as analysts eye potentially major upside appeared first on CryptoSlate.

2020-1-14 08:30


Фото:

Austria: Crypto Firms Face €200K Fine Under New AML Directive

Crypto businesses in Austria can be fined up to 200,000 EUR (above $221,000) starting from tomorrow, if they do not operate under the country’s new licensing requirements. Austria’s FMA Calls Crypto Firms to be Counted Austria, one of the more liberal countries when it comes to crypto trading, will require all operators within the country to register with the Financial Markets Authority (FMA).

2020-1-9 20:00


Ethereum Technical Analysis Sees ETH Track BTC Higher

Ethereum has a bullish short-term trading bias and a bearish medium-term outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern has formed The daily time frame shows that a breakout above the $140 level could be very bullish for ETH/USD Ethereum is moving higher on Monday, as the second-largest cryptocurrency […] The post Ethereum Technical Analysis Sees ETH Track BTC Higher appeared first on Crypto Briefing.

2020-1-6 20:46


Bitcoin Cash Turning Bullish, Holds Above $200

Bitcoin Cash has a bullish short-term and bearish medium-term trading bias The four-hour time frame shows that a bullish inverted head and shoulders pattern is forming The daily time frame shows that the cryptocurrency may start to target the $280 level Bitcoin Cash is showing bullish bias as the fifth-largest cryptocurrency continues to firm above […] The post Bitcoin Cash Turning Bullish, Holds Above $200 appeared first on Crypto Briefing.

2020-1-2 23:17