From Cointelegraph

June 26, 2025 11:15:00 pm:

Shares in Coinbase Global Inc. (COIN) hit a new all-time closing high, closing at $369.21 on Thursday, up 3.89% for the day and 40% for the month. The recent surge has divided analysts on whether the rally will continue, with some predicting a potential correction while others see a bullish setup for further gains.

Coinbase, listed on the Nasdaq, achieved a 3.3% increase from its previous closing high of $357.39 in November 2021. The company’s stock was the best-performing S&P 500 stock on Tuesday, posting a 12.10% gain. Many attribute Coinbase’s recent rise to US lawmakers supporting clearer stablecoin regulation through the GENIUS Act.

Real Vision CEO Raoul Pal expressed optimism about Coinbase’s future, stating that the “liquidity spigot is wide open” and suggesting that the next step for the company is crypto. However, investment adviser Andy Heilman cautioned that while Coinbase has had a solid run, it may be bracing for a correction. Analysts remain divided on whether the rally will continue.

Read more at Cointelegraph: Coinbase Stock Soars, Taps New Closing High