Bitcoin price could test its record $74,000 level next week on surging institutional ETF flows, analyst says. BofA upgrades Coinbase, hikes price target.
Coinbase Global (COIN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Coinbase Global stock fell on Thursday in the face of recent gains in prices, which tend to lead shares of the cryptocurrency broker higher. CME Group the Chicago-based trading firm, plans to launch spot Bitcoin trading amid interest from Wall Street money managers, the Financial Times reported on Thursday, citing anonymous sources. Coinbase stock fell 9.4% on Thursday.