Why Coinbase Stock Rebounded Today

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Why Coinbase Stock Rebounded Today

Motley Fool2022-05-14

What happenedShares of Coinbase Global (COIN 16.02%) rallied 16% on Friday after cryptocurrencies like Bitcoin (BTC 5.20%) and Ethereum (ETH 7.40%) recovered some of their recent losses.So what ...

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Comment（135）

Toby_Chua
·2022-05-16
Hopefully mkt believe their positivity
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tigernaut
·2022-05-16
👍
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phongy 45
·2022-05-16
Awesome
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Greg2021
·2022-05-15
Coin go coin
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rachellll
·2022-05-15
A
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rachellll
·2022-05-15
A
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JANICELSJ
·2022-05-15
Like please
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SSVC
·2022-05-15
Dead cat bounce??
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ahBern
·2022-05-15
Ok
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jannn
·2022-05-15
[smile]
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jannn
·2022-05-15
[smile]
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Dollarvan
·2022-05-15
Okay
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Victorhc88
·2022-05-15
Like
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dception
·2022-05-15
[What]
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dception
·2022-05-15
[What]
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RicPuah
·2022-05-15
Like pls
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RicPuah
·2022-05-15
Like pls
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rich9888H
·2022-05-15
A bit risk where if have spare money u can invest to when it is weak
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ASMH
·2022-05-15
Like
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TSY123
·2022-05-15
Okay
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That proved true again this week when Coinbase's shares were hit hard after the prices of many cryptoassets plunged following the collapse of the popular stablecoin project Terra (LUNA -97.25%).Today, the crypto market is experiencing a bit of a rebound. And Coinbase's stock is rallying alongside it.Image source: Getty Images.Coinbase's share price likely also received a boost from the news that widely followed fund manager Cathie Wood was scooping up more of the digital asset exchange operator's stock during its recent swoon. The founder and CEO of Ark Investment Management bought roughly $30 million worth of Coinbase stock for Ark's funds on Wednesday.Now whatAs one of the world's largest digital trading platforms and a leading investor in blockchain-focused start-ups, Coinbase's future is innately tied to the health of the crypto market. 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pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9020940946","repostId":2235140968,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9020940052,"gmtCreate":1652574322876,"gmtModify":1676535121229,"author":{"id":"3572939161983827","authorId":"3572939161983827","name":"RicPuah","avatar":"https://static.tigerbbs.com/f228739d2dbb241334ac0736565c39f6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572939161983827","authorIdStr":"3572939161983827"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9020940052","repostId":2235140968,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9020922650,"gmtCreate":1652572829570,"gmtModify":1676535120936,"author":{"id":"3578090151890801","authorId":"3578090151890801","name":"rich9888H","avatar":"https://static.tigerbbs.com/302dcd19af3f2e77b41a1d01cd84d518","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":1,"idStr":"3578090151890801","authorIdStr":"3578090151890801"},"htmlText":"A bit risk where if have spare money u can invest to when it is&nbsp;&nbsp;weak&nbsp;","listText":"A bit risk where if have spare money u can invest to when it is&nbsp;&nbsp;weak&nbsp;","text":"A bit risk where if have spare money u can invest to when it is 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