- Coinbase Global, Inc. (Coin) rebukes 5% on Thursday, reaching maximums not seen since February 18 in 277.01 $.
- The Bitcoin established a new historical maximum at $ 111,995, fimming its third consecutive day with profits.
The titles of Global Coinbase, Inc. (Coin), established a minimum of the day in 263.51 $, finding aggressive buyers that promoted the price of the action to maximums not seen since February 18 at 277.01 $. At the moment, Coin expects about 271.95, winning 5% in the day.
Bitcoin’s rebound drives global coinbase to three -month maximum
The shares of the company specialized in Coinbase Global Cryptocurrency Operation, Inc. (COIN) have a profit of 5% today, reaching maximum of February 18 at 277.01 $, ending with three consecutive sessions with losses.
Global Coinbase, Inc. (COIN) is the largest operation platform focused on digital assets, which has recently been incorporated into the S&P 500 stock index, attracting investors that project significant growth in the medium and long term.
The Bitcoin registered a new historical maximum in 111,955 $ today, which according to Geoff Kendrick, head of digital assets at Standard Chartered, is likely that Bitcoin visits the $ 500,000 by 2029, thanks to the institutional and governmental interest.
Technical levels of global coinbase
Coin values ​​reacted upwards from a short -term support given by the minimum of May 13 in $ 231.50. The following key support is located at $ 142.60, Pivote Point of April 7. To the north, the important resistance is observed in 310.64 maximum of January 24.
Coin 4 hours chart
Bitcoin, Altcoins and Stablecoins FAQS
Bitcoin is the largest cryptocurrency for market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any person, group or entity, which eliminates the need for the participation of third parties during financial transactions.
Altcoins are any cryptocurrency apart from Lbitcoin, but some also consider that Ethereum is not an Altcoin because it is from these two cryptocurrencies that bifurcation occurs. If this is true, then Litecoin is the first Altcoin, fork the bitcoin protocol and, therefore, an “improved” version of it.
The stablecoins are cryptocurrencies designed to have a stable price, with their value supported by an asset reserve it represents. To achieve this, the value of any stablecoin is linked to a raw material or financial instrument, such as the US dollar (USD), and its supply is regulated by an algorithm or demand. The main objective of the stablecoins is to provide an entry and exit ramp for investors who wish to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value, since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the relationship between Bitcoin market capitalization and total market capitalization of all combined cryptocurrencies. It provides a clear image of the interest that Bitcoin awakens among investors. A high dominance of the BTC usually occurs before and during an upward movement, in which investors resort to investing in relatively stable cryptocurrencies and high market capitalization such as Bitcoin. A BTC domain drop usually means that investors are moving their capital and/or benefits to Altcoins in search of greater returns, which usually triggers an explosion of increases in the Altcoins.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
