Coinbase's stock price experienced a 6% drop during Monday's US trading session but quickly rebounded due to Coinbase gaining regulatory approval from the UK's Financial Conduct Authority (FCA) and the formation of a bullish chart pattern. The approval from the FCA improves Coinbase's credibility and could lead to increased adoption of its services. The Coinbase premium gap also reached its highest level this year, signaling rising demand from US investors and potential market rebounds for Bitcoin and altcoins. The Coinbase stock price has been consolidating within a bull-flag pattern, which could result in a breakout and a potential rally to the $450 level, representing a 60% growth.



Other News from Today