$Coinbase Global, Inc.(COIN)$

$Coinbase Global, Inc.(COIN)$ BIT is up 3%, while COIN is barely budging with a 0.65% gain. It used to be that BIT and COIN moved in lockstep, but now that correlation seems to be breaking down. Why? It could be a few things—maybe BIT's surge is driven by different news or factors compared to COIN. Or, COIN might be lagging due to its own issues. Either way, it’s something to watch closely because the dynamics between these two are shifting.

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Comments

xupper22
09-12
xupper22
what is "BIT"?
- thinorfat:
  I mean Bitcoin. I'm sorry

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It used to be that BIT and COIN moved in lockstep, but now that correlation seems to be breaking down. Why? It could be a few things—maybe BIT's surge is driven by different news or factors compared to COIN. Or, COIN might be lagging due to its own issues. Either way, it’s something to watch closely because the dynamics between these two are shifting.</p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"COIN\" class=\"teditor-mention\" data-mention-name=\"Coinbase Global, Inc.\" href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> <v-v data-views=\"0\"></v-v>BIT is up 3%, while COIN is barely budging with a 0.65% gain. It used to be that BIT and COIN moved in lockstep, but now that correlation seems to be breaking down. Why? It could be a few things—maybe BIT's surge is driven by different news or factors compared to COIN. Or, COIN might be lagging due to its own issues. 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