Rally

Coinbase Stock

Bitcoin

Trillion

Coinbase Stock Price: <a href="https://coingape.com/blog/phases-of-bitcoin-halving/">Bitcoin</a>, the largest cryptocurrency by market cap, is leading the recovery trend in crypto and traditional stock markets. As the BTC price tapped the $52000 high for the first time since December 2021, the global crypto market cap surged to $1.92 Trillion projecting a 4.56% intraday gain. Amid this uptick, the US crypto stocks showed a notable gap on Wednesday-February 14th.&nbsp; 
Also Read: <a href="https://coingape.com/coinbase-news-crypto-stocks-surge-as-bitcoin-tops-51k-rally-to-sustain/">Coinbase &amp; Other Crypto Stocks Surge As Bitcoin Tops $51K, Rally To Sustain?</a> 
<h2 id="b-us-crypto-stocks-gains-momentum-as-btc-price-hit-52k-b">US-Crypto Stocks Gains Momentum as BTC Price Hit $52K</h2> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has reclaimed the $1T market cap, a key milestone, for the first time since December 2021. It now has a bigger capitalization than giants such as Walmart, Tesla, or even Berkshire Hathaway. However, for valuing digital assets like <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>, market cap has its limitations<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 — glassnode (@glassnode) <a href="https://twitter.com/glassnode/status/1757729259617964135?ref_src=twsrc%5Etfw">February 14, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Amid the <a href="https://coingape.com/price/bitcoin/">Bitcoin price</a> rally, the various crypto-related stocks entered an aggressive recovery trend last week. The Cryptocurrency exchange Coinbase (COIN) is 37.5% up in the last seven trading days. The software company MicroStrategy (MSTR) is 60% up and trading platform <a href="https://coingape.com/robinhood-revenue-up-10-to-43m-boosts-coinbase-speculation/">Robinhood</a>(HOOD) shows an 18% hike in the same period. 
Furthermore, crypto-mining firms have seen significant gains, almost completely recouping the losses incurred during the previous downturn. 
In the last 7 trading days, Marathon Digital Holdings’ stock price is 70% up, Riot Platforms stock is 58% up, while Bitfarms projects a 48% rally. 
<h2 id="b-healthy-retracement-sets-coinbase-stock-price-for-higher-rally-b">Healthy Retracement Sets Coinbase Stock Price For Higher Rally</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/u/UgpGAGB0.png" alt="BATS:COIN Chart" width="1946" height="1104">
 <figcaption class="wp-caption-text">
 Coinbase Stock Price| Tradingview
 </figcaption>
</figure> 
In the second week of February, the <a href="https://coingape.com/crypto-stocks/coin/">Coinbase stock (COIN) price</a> experienced a positive shift, bouncing back from a local support level of $114. This bullish above the 50% Fibonacci retracement level signals a constructive pullback, enabling buyers to regain lost bullish momentum.&nbsp; 
<blockquote>
 Currently trading at $157, the COIN stock is approaching the key resistance level at $161, gearing up for another potential breakout. Overcoming this hurdle could furnish buyers with adequate support to aim for a 16% increase, reaching the previous peak of $187.&nbsp;
</blockquote> 
Although this monthly resistance level might prompt a resurgence of selling pressure, surpassing it would indicate a stronger prospect of sustained growth. 
Also Read: <a href="https://coingape.com/coinbase-coin-next-in-cathie-woods-ark-invest-radar-after-this-crypto-stock-buy/">Coinbase (COIN) Next In Cathie Wood’s Ark Invest Radar After This Crypto Stock Buy</a> 
<h2 id="b-technical-indicator-b">Technical Indicator:&nbsp;</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: The 100-day EMA slope acts as a solid support during a market correction.</li> 
 <li style="font-weight: 400;" aria-level="1">Moving Average Convergence Divergence: A bullish crossover between <a href="https://coingape.com/glossary/macd-moving-average-convergence-divergnece/">MACD</a> and the signal line reflects the Coinbase stock price returns to a recovery trend.</li> 
</ul> 
<h3 id="related-articles">Related Articles:</h3> 
<ul> 
 <li><a href="https://coingape.com/crypto-prices-today-bitcoin-sustains-49k-pepe-xrp-dip-as-pyth-rallies-15/">Crypto Prices Today: Bitcoin Sustains 49K, PEPE &amp; XRP Dip As PYTH Rallies 15%</a></li> 
 <li><a href="https://coingape.com/coinbase-coin-next-in-cathie-woods-ark-invest-radar-after-this-crypto-stock-buy/">Coinbase (COIN) Next In Cathie Wood’s Ark Invest Radar After This Crypto Stock Buy</a></li> 
 <li><a href="https://coingape.com/exclusive-coinbase-full-year-results-likely-to-disappoint-the-market/">Exclusive: Coinbase Full-year Results Likely to Disappoint the Market</a></li> 
</ul> 
The post <a href="https://coingape.com/markets/is-coinbase-stock-price-to-180-bitcoin-us-crypto-stocks/">Is Coinbase Stock Price Heading to $180? Bitcoin Rally Lifts US-Crypto Stocks</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Is Coinbase Stock Price Heading to $180? Bitcoin Rally Lifts US-Crypto Stocks

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