Crypto Stocks Broadly Higher After Trump's Pro-Bitcoin Speech
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Trump comments on Bitcoin becoming Strategic National Reserve asset is bullish for Coinbase: Oppenheimer
July 29, 2024 12:27 PM EDTAt the Bitcoin Conference 2024, held in Nashville from July 25-27, former President Donald Trump's remarks on Bitcoin stirred significant interest and optimism among attendees.
The event saw a noticeable rise in Bitcoin's price, fueled by the anticipation that Trump might advocate for Bitcoin to become a strategic reserve asset.
Oppenheimer analysts said in a note Monday that "the vibe was upbeat because, regardless of what he... More
Coinbase Global Inc. (COIN) PT Raised to $181 at JPMorgan, 'May was a positive month'
July 29, 2024 12:19 PM EDTJPMorgan analyst Kenneth Worthington raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $181.00 (from $171.00) while maintaining a Neutral rating.
The analyst comments "We are marking our model ahead of 2Q24 earnings. May was a positive month for the cryptoecosystem amid the U.S. Ether spot ETFs approval (note linked here); however, we saw markets contract in both April and June, muddling the quarters aggregate performance.... More
