Wall Street rallies again
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Coinbase shares fell as first-quarter revenue came in shy of Wall Street's expectations, despite the growth in stablecoin revenue.In the quarter ended March 31, Coinbase earned $65.6 million, or 24 cents per share,
U.S. markets regained more ground yesterday and global stocks were mixed today prior to the opening bell in New York. Analysts are bullish as the macro data continues to suggest fertile territory for stocks.
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Cryptopolitan on MSNCoinbase joins the S&P 500 with goals of dominating Wall StreetCoinbase is getting pulled into the core of traditional finance. On Monday, the company was picked to join the S&P 500, replacing Discover Financial
The crypto exchange's broadening product suite and dominant U.S. market position set it up well for the long term, many analysts said.
Shares of Coinbase Global jumped in after-hours trading Monday on the news that the crypto exchange would be added to the S&P 500.
Bitcoin eyes $120K as Wall Street deepens crypto exposure. Can Coinbase's S&P 500 debut and ETF buzz drive BTC's next breakout?
Barclays, JPMorgan, Compass Point and Oppenheimer all cut their first-quarter forecasts last month, citing weaker crypto trading.