Coinbase Stock Hits ATH: Here’s Why COIN Price May Retreat Ahead
The post Coinbase Stock Hits ATH: Here’s Why COIN Price May Retreat Ahead appeared on BitcoinEthereumNews.com. The Coinbase stock has gained notable traction as the crypto stock closed at a new high on Thursday, June 26. However, despite the initial optimism, some investors are wondering if the momentum in the COIN price could be sustained. For context, large investors like Cathie Wood’s Ark Invest already dumped a massive stake in Coinbase stock, which has sparked concerns among traders. Besides, the pre-market data also suggests that the market participants might be playing it safe before further cues on the potential future movements of the stock. Coinbase Stock Price & Performance: Here’s All The Coinbase stock closed at more than 5.5% on Thursday, June 26, with its price recording a new closing high of $375.07. Notably, the COIN price has also touched its all-time high in the prior session, which also indicates the strong confidence of the investors in the asset. The 52-week high and low of the crypto stock were recorded at $382 and $142.58, respectively. Besides, the $94.9 billion firm has added more than 40% over the last 30 days, while witnessing a year-to-date (YTD) gain of 51%. So far, the crypto stock has outpaced most of its peers with the global shifting focus towards digital assets. However, the market participants appear to have turned cautious today, as evidenced by the pre-market performance of the leading crypto exchange’s stock. For context, the stock already went down around 0.6% to $372 before the Wall Street opening bell today. So, here we explore some of the top reasons that might stall the robust growth in the Coinbase stock ahead. Cathie Wood’s Ark Invest Dumped $12M In COIN Stock One of the primary reasons for the recent pullback in Coinbase stock could be the latest trading move of Cathie Wood’s Ark Invest. The investment management firm has recently sold…
The post Coinbase Stock Hits ATH: Here’s Why COIN Price May Retreat Ahead appeared on BitcoinEthereumNews.com.
The Coinbase stock has gained notable traction as the crypto stock closed at a new high on Thursday, June 26. However, despite the initial optimism, some investors are wondering if the momentum in the COIN price could be sustained. For context, large investors like Cathie Wood’s Ark Invest already dumped a massive stake in Coinbase stock, which has sparked concerns among traders. Besides, the pre-market data also suggests that the market participants might be playing it safe before further cues on the potential future movements of the stock. Coinbase Stock Price & Performance: Here’s All The Coinbase stock closed at more than 5.5% on Thursday, June 26, with its price recording a new closing high of $375.07. Notably, the COIN price has also touched its all-time high in the prior session, which also indicates the strong confidence of the investors in the asset. The 52-week high and low of the crypto stock were recorded at $382 and $142.58, respectively. Besides, the $94.9 billion firm has added more than 40% over the last 30 days, while witnessing a year-to-date (YTD) gain of 51%. So far, the crypto stock has outpaced most of its peers with the global shifting focus towards digital assets. However, the market participants appear to have turned cautious today, as evidenced by the pre-market performance of the leading crypto exchange’s stock. For context, the stock already went down around 0.6% to $372 before the Wall Street opening bell today. So, here we explore some of the top reasons that might stall the robust growth in the Coinbase stock ahead. Cathie Wood’s Ark Invest Dumped $12M In COIN Stock One of the primary reasons for the recent pullback in Coinbase stock could be the latest trading move of Cathie Wood’s Ark Invest. The investment management firm has recently sold…
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