Coinbase Stock Hits Record High — Market Cap Tops $100 Billion for First Time
TradingKey – On Monday, July 14, shares of Coinbase (COIN) surged nearly 2%, reaching an intraday high of $398.50, marking a new all-time high. The rally pushed the company’s market capitalization past $100 billion for the first time, now standing at $100.36 billion.
Coinbase Stock Price Chart – Source: TradingView.
The surge was largely driven by Bitcoin’s breakout above $123,000, which lifted investor sentiment and triggered a broad rally across crypto-related equities. Coinbase, as the largest U.S.-listed crypto exchange, remains tightly correlated with Bitcoin’s price movements.
At press time, Bitcoin (BTC) has retreated more than 4% from its peak, falling below the $120,000 threshold to $118,034. Analysts warn that this correction could weigh on Coinbase’s stock in the short term, with $110,000 identified as the next key support level.
Bitcoin Price Chart – Source: TradingView.
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
