Coinbase Global (COIN) Stock Price Could Jump on Monday; Crypto Reserve Plan Triggers Rally
Coinbase stock price declined nearly 10 percent during last week. The stock recovered 3.5 percent on Friday as cryptocurrency markets were showing some signs of stability. Traders and investors can expect a rally in Coinbase stock on Monday as Bitcoin and other cryptocurrencies jumped on Sunday after President Trump announced his plans for strategic cryptocurrency reserve. Bitcoin jumped nearly 9 percent while Ethereum (12.5%), Solana (16%), XRP (28%) and Cardano (60%) witnessed strong rally. Coinbase stock performance has been moving as per the sentiment in cryptocurrency markets as the exchange volume depends heavily on cryptocurrencies.
In a surprising move that sent shockwaves across financial markets, former U.S. President Donald Trump has breathed new life into the cryptocurrency sector. Through an announcement on Truth Social, Trump revealed plans for a U.S. strategic reserve of digital assets, a decision that has already sparked a frenzy in the market.
The immediate impact was profound—Bitcoin (BTC) soared past $94,000, and the total cryptocurrency market cap swelled by over $300 billion within hours. This initiative could mark a major shift in U.S. financial policy, paving the way for greater institutional adoption and reinforcing America’s leadership in digital asset innovation.
With regulatory clarity potentially on the horizon, could this be the catalyst that finally pushes Bitcoin beyond the highly anticipated $100,000 milestone? Let’s break it down.
Coinbase Stock Performance & Key Financial Metrics
| Metric | Value |
|---|---|
| Opening Price | $205.27 |
| Day's High | $216.44 |
| Day's Low | $201.10 |
| Market Capitalization | $54.77 billion |
| Price-to-Earnings (P/E) Ratio | 22.75 |
| 52-Week High | $349.75 |
| 52-Week Low | $146.14 |
Key Takeaway:
With a P/E ratio of 22.75, Coinbase is trading at a reasonable valuation, but its 52-week high of $349.75 suggests that there is still significant upside potential if market conditions improve.
Trump’s Cryptocurrency Strategy: What We Know So Far
On Sunday, Trump unveiled a list of five major digital assets that would form the foundation of a newly proposed U.S. strategic cryptocurrency reserve. The initial lineup includes:
Bitcoin (BTC)
Ethereum (ETH)
XRP
Solana (SOL)
Cardano (ADA)
Shortly after the announcement, he reaffirmed BTC and ETH as the core assets of the reserve, emphasizing their dominance in the crypto ecosystem.
This move represents an unprecedented step toward government-backed recognition of digital currencies. However, it is important to note that this strategic reserve is distinct from a stockpile—a concept previously explored by Trump's crypto advisory group concerning seized assets from law enforcement actions.
Instead, this initiative appears to be a proactive strategy to integrate cryptocurrencies into the broader U.S. financial system, potentially positioning the country as a global leader in digital asset policy and innovation.
Crypto Market Surge: Billions Added in Minutes
The market reaction to Trump’s announcement was swift and dramatic:
Bitcoin (BTC) jumped 11%, rebounding from a recent downturn to hit $94,164 after breaking below the critical $90,000 support level last week.
Ethereum (ETH) surged 13%, climbing to $2,516 as investor confidence rebounded.
The total cryptocurrency market capitalization skyrocketed by over $300 billion, reflecting renewed optimism among traders and institutions.
This sharp rally suggests that investors perceive Trump’s initiative as a major step toward mainstream crypto adoption. Additionally, growing expectations of institutional inflows and regulatory easing have helped reverse the bearish sentiment that had begun to take hold in the market.
Fibonacci Retracement Levels
| Fibonacci Level | Price |
|---|---|
| 23.6% Retracement | $202.98 |
| 38.2% Retracement | $234.11 |
| 50.0% Retracement | $247.95 |
| 61.8% Retracement | $261.79 |
| 76.4% Retracement | $292.92 |
Key Insight:
$202.98 acts as a strong support level; a break below this could signal further downside.
$247.95 is the midpoint retracement level, a crucial area where bulls and bears may fight for control.
Support & Resistance Levels
| Level | Price |
|---|---|
| Immediate Support | $201.10 |
| Key Resistance | $216.44 |
| Breakout Resistance | $234.11 |
If Coinbase breaks above $216.44, the next major test would be $234.11 (38.2% Fibonacci level), where a potential breakout could occur.
Actionable Investment Strategies
Based on our analysis, here’s what investors should consider:
Long-Term Investors:
If you believe in crypto adoption, buying near $202.98 (support level) may offer a good entry point.
Targeting $247.95 (50% Fibonacci) could be a solid mid-term price objective.
Traders:
A breakout above $216.44 could indicate further bullish momentum.
Stop-loss near $201.10 is recommended to limit downside risk.
Cautious Approach:
Keep an eye on regulatory shifts and the Federal Reserve’s stance on risk assets.
