- Investor's Business Daily
Cryptocurrency Prices And News: Bitcoin Falls To August Lows After Jobs Report
Cryptocurrency News: Bitcoin and cryptocurrency prices fell Friday and reversed from a brief rally after the August jobs report came in short of forecasts. Bitcoin traded around $53,500 late Friday, down more than 4% over the last 24 hours, and back to its lowest level since Aug. 5. Bitcoin has slowly pared its gains on the year from its March 14 record high of $73,798.
- Benzinga
Coinbase Upgraded As Both Presidential Candidates Show Crypto Support; Analyst Sees Resilience Amid Regulatory Changes
Barclays analyst Benjamin Budish upgraded Coinbase Global, Inc. (NASDAQ:COIN) from Underweight to Equal-Weight, lowering the price forecast from $206 to $169. The analyst notes that the regulatory landscape is improving, with presidential candidates showing greater support for crypto and the approval of several spot crypto ETFs. This favorable environment has helped Coinbase’s revenues remain resilient. The analyst acknowledges ongoing risks for Coinbase, such as fee compression in retail and pr
- Reuters
Coinbase must face shareholder lawsuit over SEC risks
A federal judge rejected Coinbase's bid to dismiss a proposed class action by shareholders who accused the operator of the largest U.S. cryptocurrency exchange of downplaying the likelihood it would be sued by the U.S. Securities and Exchange Commission. Coinbase's share price fell 12% that day. Martinotti said shareholders adequately alleged that Coinbase and top executives defrauded them by describing "a favorable picture of the improbability that the SEC would file an enforcement action by repeatedly emphasizing that the crypto assets they listed were not securities."
