{"id":17215,"date":"2025-12-03T21:32:02","date_gmt":"2025-12-03T21:32:02","guid":{"rendered":"https:\/\/bitunikey.com\/news\/coinbase-stock-price-pops-as-bitcoin-jumps-cathie-wood-keeps-buying\/"},"modified":"2025-12-03T21:32:07","modified_gmt":"2025-12-03T21:32:07","slug":"coinbase-stock-price-pops-as-bitcoin-jumps-cathie-wood-keeps-buying","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/coinbase-stock-price-pops-as-bitcoin-jumps-cathie-wood-keeps-buying\/","title":{"rendered":"Coinbase stock price pops as Bitcoin jumps, Cathie Wood keeps buying"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Coinbase Global Inc. got a welcome jolt Wednesday afternoon as Bitcoin sprang back above $93,000 \u2014 a reminder that Coinbase and the world\u2019s largest cryptocurrency remain a co-dependent duo.<\/p>\n<div id=\"cn-block-summary-block_7f420df2c29024af9b1a253446161a5a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Coinbase shares climbed on Wednesday as Bitcoin surged back to just under $94,000.<\/li>\n<li>Despite a recent downgrade, bullish sentiment remains, boosted by strong Q3 earnings and continued buying from Cathie Wood\u2019s Ark Invest.<\/li>\n<li>Crypto-linked stocks are rebounding from a broader market pullback.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The stock closed at $276.92 per share on Wednesday, up over 5%.<\/p>\n<p>The logic is simple: when Bitcoin rallies, people trade more. When people trade more, Coinbase earns more. And when Coinbase earns more, investors briefly forget about things like price targets and valuation multiples. It\u2019s a beautiful cycle \u2014 at least on days when BTC is green.<\/p>\n<p>Wednesday\u2019s surge follows a choppy stretch in which Argus Research downgraded Coinbase to \u201cHold,\u201d warning that the stock\u2019s 39x 2026 earnings multiple was looking a little too spicy. <\/p>\n<p>Coinbase investors shrugged. After all, the company just smashed third-quarter expectations with $1.50 EPS versus the $1.10 consensus, and Cathie Wood\u2019s Ark Invest responded to the recent dip by backing up the truck: more than $7 million in fresh COIN shares loaded into its ETFs.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>What\u2019s next<\/strong><\/h2>\n<p>Investors are also eyeing Dec. 17, when Coinbase is expected to unveil new products \u2014 possibly including a prediction market and even stock trading. Because why not add more features when you already have half of crypto Twitter living on your app?<\/p>\n<p>Technically speaking, Coinbase still has some ground to recover. Shares remain about 13.9% below the 50-day moving average and 2.7% under the 200-day, reflecting the broader slump in crypto-linked equities. Ark, undeterred, has been scooping up not just Coinbase but also Block, Circle Internet Group, Bullish, Robinhood, and even its own Bitcoin ETF amid the downturn.<\/p>\n<p>Bitcoin itself remains well off its record high from six weeks ago as thin liquidity and macro uncertainty continue to crimp trading volumes. See below.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"nofollow\">CoinGecko<\/a><\/figcaption><\/figure>\n<p>But for now, with BTC bouncing and Coinbase riding shotgun, investors are getting at least a midweek reminder of how quickly sentiment \u2014 and stock charts \u2014 can turn in crypto land.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Global Inc. got a welcome jolt Wednesday afternoon as Bitcoin sprang back above $93,000 \u2014 a reminder that Coinbase and the world\u2019s largest cryptocurrency remain a co-dependent duo. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17215"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17215\/revisions"}],"predecessor-version":[{"id":17216,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17215\/revisions\/17216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1269"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}