US Crypto-Related Stocks Rise, Strategy Gains 2.3%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2026
0mins
Should l Buy COIN?
Source: moomoo
Market Performance: The U.S. stock market opened higher, with notable increases in cryptocurrency-related stocks.
Top Gainers: MicroStrategy (MSTR) rose by 2.3%, Coinbase (COIN) by 1.9%, and Circle (CRCL) by 1.4%.
Additional Increases: Mara Holdings (MARA) increased by 1.7%, Riot Blockchain (RIOT) saw a significant rise of 3.84%, and Bit Digital Inc. (BTBT) rose by 1.6%.
Minimal Change: Sphere 3D Corp. (ANY) experienced a slight increase of 0.2%.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 192.960
Low
230.00
Averages
361.63
High
440.00
Current: 192.960
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the onchain economy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. The Company offers products and services to various customer groups: consumers, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime trading, markets, base protocol and Coinbase wallet. The Company also provides market infrastructure in the form of exchanges for customers to trade spots and derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Q1 Performance Decline: Coinbase reported a surprising first-quarter loss on Thursday evening, with trading activity hampered by a slump in cryptocurrency prices, leading to underperformance in revenue, particularly in subscription services intended to diversify income sources.
- Stablecoin and Payment Outlook: Citi remains optimistic about Coinbase's long-term prospects, especially in stablecoins, payments, and institutional adoption, asserting that the passage of the CLARITY Act would facilitate the introduction of more products and foster greater institutional participation.
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- Interest Restrictions on Stablecoins: The proposed legislation limits when stablecoins can earn interest, drawing parallels to savings accounts, which raises concerns among banks about the potential impact on their deposit attractiveness, as the incentive of rewards has historically been crucial for stablecoin holders.
- Uncertain Bipartisan Support: While Chairman Tim Scott aims for unanimous Republican support, it remains unclear if any Democrats will back the bill, particularly due to unresolved conflicts of interest regarding provisions that would restrict politicians' profits from digital assets.
- Industry Response: Following a compromise proposal from Senators Thom Tillis and Angela Alsobrooks, crypto companies like Coinbase have expressed support for the bill, although banking groups argue that the language still falls short of adequately protecting bank deposits.
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- Impact of Market Structure Bill: The CLARITY Act currently under consideration in Congress could significantly enhance Coinbase's growth prospects if passed, with analysts indicating it would serve as a major upside catalyst for COIN stock.
- Q1 Performance Decline: Coinbase reported a surprising first-quarter loss on Thursday evening, with trading activity hampered by a slump in cryptocurrency prices, leading to underperformance in revenue, particularly in subscription services intended to diversify income sources.
- Stablecoin and Payment Outlook: Citi remains optimistic about Coinbase's long-term prospects, especially in stablecoins, payments, and institutional adoption, asserting that the passage of the CLARITY Act would facilitate the introduction of more products and foster greater institutional participation.
- Developer Platform Potential: The Coinbase Developer Platform is viewed as a potential catalyst for stock performance, equipped to handle post-CLARITY demand from traditional finance by providing tools and services for building on-chain applications.
See More
U.S. Senate to Consider Cryptocurrency Regulatory Framework Next Week
- Regulatory Framework Review: The U.S. Senate Banking Committee is set to meet on May 14 to discuss the 'Clarity Act', a move that could break the legislative deadlock between digital asset firms and traditional banks, and if passed, would provide legal certainty crucial for the industry's future.
- Stablecoin Provisions: A central feature of the bill involves dollar-backed stablecoins, prohibiting crypto companies from offering rewards on idle holdings to prevent similarities with traditional bank deposits, while allowing rewards for active use, which has sparked a last-ditch effort by banking lobbyists to garner Republican support.
- Political Support Requirement: To gain final approval from President Trump, the Act requires support from at least seven Democrats in the Senate, despite the House passing its version last year, with a deadline for Senate approval set for the end of 2026 to send it to the President's desk.
- Opposition Voices: Several Democrats oppose the bill, arguing that its anti-money laundering provisions are too weak and that more should be done to prevent political officials from profiting from crypto ventures, which could impact the bill's chances of passing.
See More
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- Coinbase Holdings Increase: Coinbase officially disclosed that in the first quarter of 2026, they increased their holdings by 1,103 bitcoins.
- Total Bitcoin Holdings: This increase brought their total treasury holdings to 16,492 BTC.
See More
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- Legislative Progress: The Senate Banking Committee is set to hold an initial vote on a significant crypto industry bill on May 14, marking a step forward in the legislative process, although the banking sector expresses disappointment, fearing the bill could threaten traditional banks and their deposits.
- Interest Restrictions on Stablecoins: The proposed legislation limits when stablecoins can earn interest, drawing parallels to savings accounts, which raises concerns among banks about the potential impact on their deposit attractiveness, as the incentive of rewards has historically been crucial for stablecoin holders.
- Uncertain Bipartisan Support: While Chairman Tim Scott aims for unanimous Republican support, it remains unclear if any Democrats will back the bill, particularly due to unresolved conflicts of interest regarding provisions that would restrict politicians' profits from digital assets.
- Industry Response: Following a compromise proposal from Senators Thom Tillis and Angela Alsobrooks, crypto companies like Coinbase have expressed support for the bill, although banking groups argue that the language still falls short of adequately protecting bank deposits.
See More
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- Fluence Energy Surge: Fluence Energy's stock soared nearly 30% after its fiscal second-quarter EBITDA exceeded Wall Street estimates, following a prior session surge of about 40%, indicating strong market confidence in its growth potential and attracting more investor interest.
- Corpay Raises Guidance: Corpay shares jumped 10% after the company raised its full-year earnings guidance to a range of $26.30 to $27.10 per share, surpassing analyst expectations of $26.05, reflecting robust performance in the corporate payments sector and potentially increasing market share.
- Akamai Technologies Rises: Akamai's stock surged 20% after securing an $1.8 billion commitment from a leading U.S. frontier model provider for its Cloud Infrastructure Services, indicating strong demand in the market, while also reporting a first-quarter adjusted earnings beat that bolstered investor confidence.
- Upwork Restructuring Impact: Upwork's shares tumbled 21% following its announcement of a 24% workforce reduction to ensure profitability, despite slightly lower-than-expected first-quarter earnings and revenue, which may affect its future competitive position and investor sentiment.
See More
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