Weekly Recap | Coinbase -6.21%, consensus target above spot
Weekly Review·
- Coinbase declined 6.21% this week to close at $183 amid high volatility and increased trading volume, underperforming the S&P 500 index.
- Key events included the launch of the OpenUSD stablecoin, a 25M USD investor lawsuit, regulatory developments regarding crypto frameworks, and executive changes.
- Institutional sentiment remained generally positive with a consensus buy rating and a target price of $207.12, while short-term movements continued to depend on regulatory news and upcoming earnings.