Coinbase Stock Jumps 6% as Fed and CLARITY Act Loom

Coinbase (COIN) Stock Plunges as ARK Invest Exits Crypto Holdings Amid Bitcoin Decline

Key Takeaways Coinbase shares declined approximately 4% during pre-market hours as Bitcoin retreated toward $76,890, weighing on cryptocurrency-related equities. A Senate vote on the Digital Asset Market Clarity Act was scheduled for Tuesday, with probability of passage plummeting to 19% from 31%. ARK Invest, led by Cathie Wood, liquidated positions in Coinbase, Bullish, Circle, and Bitmine on Monday before the legislative vote. Compass Point e…

Coinbase Stock: $177 Target, $186 Close, CLARITY Vote Today

Coinbase (NASDAQ: COIN) rose 6.23% on Monday to close at $186.19, according to TradingView data, on an analyst upgrade that the stock immediately traded straight through. Compass Point's Ed Engel lifted the shares from Sell to Neutral and raised his price target to $177 from $130, and COIN closed roughly $9 above that new target the same day. The upgrade rests on bitcoin's cycle rather than legislation, and Engel's own base case expects the CLAR…

Why Is Coinbase Stock Rising Ahead of Tuesday’s CLARITY Act Vote?

Key Insights: Coinbase stock rose 9.7% to $191.8 as investors reacted to renewed momentum for the CLARITY Act. A revised CLARITY Act draft faces a 60-vote procedural test Tuesday, with some Democrats still opposing the bill. Compass Point upgraded Coinbase to Neutral from Sell and raised its price...

Coinbase Stock Jumps 6% as Fed and CLARITY Act Loom

Coinbase stock (COIN) surged Monday, September 14, as investors positioned for a major week of U.S. monetary policy and crypto regulation. COIN traded at $185.91 at 9:44 a.m. EDT, up $10.65, or 6.08%, from Fridays $175.26 close. Coinbase shares briefly approached $188 after the opening bell before trimming gains. Premarket trading had largely ranged between $175 and $181, making $188 an important near-term resistance level. Attention now turns t…