Weekly Recap | Coinbase -5.08%, consensus target above spot
Weekly Review·
- Coinbase fell 5.08 % this week to close at $175.26, underperforming the S&P 500 amidst volatile market conditions.
- CEO Brian Armstrong announced a partnership with Moov to expand stablecoin infrastructure into community banks while predicting significant long-term growth.
- Institutional consensus remains a buy with an average target price of $199.76, though divergent views persist regarding the cryptocurrency cycle.