"U.S. markets saw a rotation into risk assets today and crypto-linked stocks, like Coinbase and Strategy, led some of the brightest gains of the day's session. Even as broader indexes such as the Dow and S&P 500 traded mixed on inflation and economic data, digital-asset exposure helped certain high-beta names outperform. Coinbase (COIN) was among the standout performers. COIN surged more than 18% on the day, finishing well ahead of most traditional technology stocks as traders "bought the dip" in crypto exposure."
"The daily gain came despite a difficult earnings backdrop: Coinbase reported a $666.7 million Q4 2025 loss, its first in several quarters, driven by lower trading revenue as crypto volumes sagged. Long-term revenue lines like subscription and services - particularly stablecoin revenue - showed strength, helping cushion sentiment. Over the last couple of months, Coinbase shares have slid as the broader crypto market weakened and analysts grew more cautious."
U.S. markets rotated into risk assets, with crypto-linked stocks among the brightest gainers. Coinbase (COIN) rose more than 18% as traders bought crypto exposure despite a $666.7 million Q4 2025 loss driven by lower trading revenue. Subscription and services revenue, including stablecoin activity, showed resilience and partially cushioned sentiment. Coinbase shares have fallen roughly 34% year-to-date as Bitcoin dropped about 30% in the past month and altcoins declined more. Monness Crespi & Hardt downgraded COIN from buy to neutral with a $120 target. CEO Brian Armstrong sold over 1.5 million shares for diversification. Strategy (MSTR) climbed about 10% amid Bitcoin gains and continues to add to its bitcoin holdings.
Read at Bitcoin Magazine
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