Coinbase CEO Sets $400K Price Target, Bitcoin Drops 5.4% in Intraday Trading

Stock News09:29

A bullish long-term forecast from the chief executive of Coinbase Global, Inc. (COIN.US) has collided head-on with a sharp selloff in the cryptocurrency market. The executive publicly stated that a $400,000 valuation for Bitcoin is a reasonable benchmark within the current market cycle, offering a potential anchor for the asset's long-term worth.

Despite this confident projection, real-time market action told a different story. Bitcoin's spot price faced significant downward pressure during the trading session, with losses accelerating to as much as 5.4%. The stark disconnect between the executive's optimistic outlook and the immediate price movement highlights a degree of skepticism among short-term traders regarding the feasibility of the $400,000 target.

The notable 5.4% pullback in Bitcoin underscores a key dynamic: while influential voices in the industry may hold a positive stance, near-term liquidity and prevailing market sentiment continue to dictate the immediate price action on the charts.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1117201763?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-12 09:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1117201763","market":"sg","top_or_hot":-1,"title":"Coinbase CEO Sets $400K Price Target, Bitcoin Drops 5.4% in Intraday Trading","media":"Stock News","content":"<p>A bullish long-term forecast from the chief executive of <b>Coinbase Global, Inc.</b> (<b>COIN.US</b>) has collided head-on with a sharp selloff in the cryptocurrency market. The executive publicly stated that a $400,000 valuation for Bitcoin is a reasonable benchmark within the current market cycle, offering a potential anchor for the asset's long-term worth.<br><br>Despite this confident projection, real-time market action told a different story. Bitcoin's spot price faced significant downward pressure during the trading session, with losses accelerating to as much as 5.4%. The stark disconnect between the executive's optimistic outlook and the immediate price movement highlights a degree of skepticism among short-term traders regarding the feasibility of the $400,000 target.<br><br>The notable 5.4% pullback in Bitcoin underscores a key dynamic: while influential voices in the industry may hold a positive stance, near-term liquidity and prevailing market sentiment continue to dictate the immediate price action on the charts.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase CEO Sets $400K Price Target, Bitcoin Drops 5.4% in Intraday Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase CEO Sets $400K Price Target, Bitcoin Drops 5.4% in Intraday Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-09-12 09:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>A bullish long-term forecast from the chief executive of <b>Coinbase Global, Inc.</b> (<b>COIN.US</b>) has collided head-on with a sharp selloff in the cryptocurrency market. The executive publicly stated that a $400,000 valuation for Bitcoin is a reasonable benchmark within the current market cycle, offering a potential anchor for the asset's long-term worth.<br><br>Despite this confident projection, real-time market action told a different story. Bitcoin's spot price faced significant downward pressure during the trading session, with losses accelerating to as much as 5.4%. The stark disconnect between the executive's optimistic outlook and the immediate price movement highlights a degree of skepticism among short-term traders regarding the feasibility of the $400,000 target.<br><br>The notable 5.4% pullback in Bitcoin underscores a key dynamic: while influential voices in the industry may hold a positive stance, near-term liquidity and prevailing market sentiment continue to dictate the immediate price action on the charts.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1117201763","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117201763","pubTimestamp":1789176557,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"A bullish long-term forecast from the chief executive of Coinbase Global, Inc. (COIN.US) has collided head-on with a sharp selloff in the cryptocurrency market. The executive publicly stated that a...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Coinbase 首席执行官设定 40 万美元目标价，比特币盘中交易下跌 5.4%","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/7e3cc16976e481ca0c092b96f50d60b6","symbols_score_info":{"BITU":1,"BAGY":1,"BFAP":1,"09711":1,"COIO":1,"COIA":1,"COII":1,"CBXA":1,"07311":1,"BTCmain":1,"CBTA":1,"BPI":1,"COYY":1,"MNRS":1,"BITY":1,"BTCW":1,"BITI":1,"CBOA":1,"CBXO":1,"QBF":1,"BCCC":1,"BITB":1,"CBTO":1,"CBTJ":1,"BTRN":1,"CBOY":1,"BLCK":1,"CBXY":1,"BKCH":1,"HODL":1,"BETE":1,"COIG":1,"CBOJ":1,"BITO":1,"BTCL":1,"DEFI":1,"BTF":1,"ETHmain":1,"COIN":1,"CBTY":1,"DFII":1,"FBTC":1,"BTCI":1,"GBTC":1,"SBIT":1,"BFJL":1,"EZBC":1,"COIX":1,"CONY":1,"BTC":1,"BITX":1,"XBTY":1,"CBXJ":1,"IBLC":1,"ICOI":1,"CONX":1,"BTCZ":1,"CONI":1,"BTCC":1,"YBTC":1,"MBTmain":1,"BRRR":1,"ARKB":1,"BTCO":1,"FIAT":1,"COIW":1,"BITQ":1,"BETH":1,"FDIG":1,"07711":1,"MAXI":1,"FINX":1,"IBIT":1,"CBOO":1,"CONL":1,"09311":1},"content_text":"A bullish long-term forecast from the chief executive of Coinbase Global, Inc. (COIN.US) has collided head-on with a sharp selloff in the cryptocurrency market. The executive publicly stated that a $400,000 valuation for Bitcoin is a reasonable benchmark within the current market cycle, offering a potential anchor for the asset's long-term worth.Despite this confident projection, real-time market action told a different story. Bitcoin's spot price faced significant downward pressure during the trading session, with losses accelerating to as much as 5.4%. The stark disconnect between the executive's optimistic outlook and the immediate price movement highlights a degree of skepticism among short-term traders regarding the feasibility of the $400,000 target.The notable 5.4% pullback in Bitcoin underscores a key dynamic: while influential voices in the industry may hold a positive stance, near-term liquidity and prevailing market sentiment continue to dictate the immediate price action on the charts.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.49.0","shortVersion":"4.49.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1117201763","isCrawlerRequest":true}