Coinbase Stock declined by 2.95 percent on Monday as Bitcoin and other cryptocurrencies were trading low after witnessing a rally over the last few days.

Coinbase (COIN) stock price is directly linked to the market sentiment in cryptocurrency segment and with recent rally in Bitcoin and other cryptocurrencies, Coinbase stock has been showing bullish

Bitcoin has been showcasing strongly bullish trends and five stocks witnessed strength whenever cryptocurrency markets gain.

Coinbase and Marathon Digital Holdings stocks were trading with impressive gains on Columbus Day as Nasdaq was trading nearly 1.2 percent higher.

Cathie Wood’s ARK Invest has made a notable move by purchasing approximately $2.2 million worth of Coinbase (COIN) stock, marking its first acquisition of the crypto exchange shares since September

Coinbase could soon touch monthly high for the stock and if bullish momentum continues, we could see the stock trading above $200 this week.