Coinbase Global, Inc. (COIN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
(Bloomberg) -- Smaller coins led gains among cryptocurrencies Thursday on the back of investor optimism that central banks in the US and Europe will finally ease their aggressive interest-rate hiking. Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionHong Kong to Give Away 500,000 Air Tickets to Revive TourismPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000How Extreme Bets Fueled an $11.4 Billion
Barclays analyst said Coinbase volumes rose 56% in January from the previous month.