Is Coinbase's Rally Overextended?
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
Ether Volatility Spikes on Rally as Bitcoin Edges Back Toward Record Highs
Crypto markets began Monday on a high note, with ether (ETH) up more than 21% over the past seven days to $4,300 and bitcoin (BTC) climbing 3% to within touching distance of record highs. BTC led gains among majors in the past 24 hours, with Solana's SOL (SOL), XRP (XRP), dogecoin (DOGE), and BNB Chain's BNB (BNB) rising nearly 1%, but reversing all profit-taking from the weekend to start the week in green. The S&P 500 recovered from last week's post-payrolls dip to near all-time highs, while the Nasdaq set a new record on strong earnings, shrugging off political noise and fresh U.S. import taxes. ETH has outperformed sharply against this macro backdrop, driving a divergence in short-dated implied volatility between majors. 'BTC IV remains near all-time lows while ETH has jumped materially,' said Augustine Fan, Head of Insights at SignalPlus, told CoinDesk in a Monday note. 'Term structure on ETH is inverted, with long-dated vol expected to settle near 70%, while BTC's curve is the opposite — short-dated vol heavily compressed with spot stuck around $120K. A month ago, markets priced just a 5% chance of ETH hitting $4.5K in August; spot has far outpaced those expectations," he added. ETH's strength has been underpinned by pro-crypto regulatory signals and heavy inflows into ETFs, with traders betting on a retest of its all-time high. Bitcoin, which has been slower to respond, is now showing signs of catching up, suggesting that institutions are less hesitant to add exposure across the board. 'Given the strong rally over the weekend, we expect prices for both BTC and ETH to continue to rise, barring any tariff shocks,' said Jeff Mei, COO at BTSE, told CoinDesk in a Telegram message.'Traders should also watch developments around the next Fed chair nomination, plus this week's CPI and PPI releases, which could shape rate-cut expectations,' Mei added. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
8 hours ago
- Yahoo
Paramount, Tesla, crypto stocks: Trending Tickers
Paramount (PARA) stock is in focus after the company announced a $7.7 billion deal with TKO Group to stream UFC events. Tesla (TSLA) applied for a license to supply electricity in the UK, even as its electric vehicle (EV) sales in the region slump. Crypto stocks like Coinbase (COIN), Robinhood (HOOD), and Strategy (MSTR) are rallying after a surge in bitcoin (BTC-USD) prices. To watch more expert insights and analysis on the latest market action, check out more Morning Brief. Now time for some of today's trending tickers. We are watching Paramount, Tesla, and Coinbase. First up, Paramount will pay TKO group $7.7 billion for rights to UFC events over the next seven years. The announcement, the first major move for Paramount since its merger with Skydance glows last week. Under the new Paramount deal, all events will be available at no extra charge on Paramount Plus starting in 2026. The agreement eliminates the pay-per-view model currently used by ESPN. Disney's current deal, which expires at the end of this year is valued at $550 million per year. Next up, Tesla eyeing the UK energy market. The company's formally submitted a license request to supply electricity to a British energy regulator. The move comes as Tesla's electric vehicles are experiencing a significant sales slump in the UK. New car sales dropped by nearly 60% on an annual basis last month, that's according to a UK trade group. And finally, crypto stocks are getting a boost in pre-market trading amid a Bitcoin price surge. Crypto exchange Coinbase, trading platform Robinhood, corporate Bitcoin holders strategy, they all gained along with Bitcoin prices. Bitcoin and other cryptocurrencies have enjoyed a slew of favorable policies coming out of Washington recently. President Trump signed an executive order allowing Americans to invest in crypto through their 401K plans. We had seen crypto prices kind of stall out, but now they're taking another little bit of a leg up. As always, you can scan the QR code below to track the best and worst performing stocks with Yahoo Finances trending tickers page. Related Videos Investors are most bullish since Feb., BofA survey shows Market rebound, key CPI report: A look at this week's catalysts Nvidia & AMD US–China deal, Intel CEO & Trump: What to know It's 'impossible' to replace US dollar as global reserve currency Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Yahoo
Crypto Stocks Gain as Bitcoin Trades Near Its All-Time High
Key Takeaways Bitcoin traded around its record high, helping shares of crypto-related firms move higher. The largest cryptocurrency got a lift last week when President Trump signed an executive order calling for workers to be able to invest in crypto in their 401(k) retirement plans. Shares of Strategy, which is the biggest corporate holder of Bitcoin, and crypto trading platform Coinbase Global, got a boost this is on the rise to start the week. Shares of Strategy (MSTR), the largest corporate holder of bitcoin, trading platforms Coinbase (COIN) and Robinhood Markets (HOOD), and other firms connected to the cryptocurrency market advanced Monday as the price of Bitcoin hovered near its all-time high above $123,000. Bitcoin, the biggest digital coin, recently traded above $120,000, rising nearly 30% this year. It got a boost last week when President Donald Trump signed an executive order that would open the door for workers to invest in crypto and other alternative assets in their 401(k) retirement accounts. Strategy, formerly known as MicroStrategy, was recently up nearly 3% in premarket trading. Coinbase was more than 3% higher, while Robinhood was almost 2% higher. Ether traded near $4,200. Trump wrote that the order was designed to 'relieve the regulatory burdens and litigation risk that impede" access to those investments. He called on the Labor Department and Securities and Exchange Commission to assist employers in finding ways to make them available in their sponsored retirement plans. As of the close of trading Friday, Microstrategy shares added about a third of their value year-to-date, while shares of Coinbase Global grew 21%. Robinhood Markets shares have skyrocketed in 2025, and are at record highs. Read the original article on Investopedia
