Coinbase Shares Up 1.12% as Crypto Rally Faces 'Extreme Fear' Sentiment
Coinbase stock climbed 1.12% after Bitcoin and Ethereum rose 2.67% and 3.53%, despite the Crypto Fear & Greed Index signaling 'extreme fear'. An analyst predicts trading will stay subdued until Friday’s Deribit options expiry, with Bitcoin expected to trade between $58,000 and $76,000.
1. Crypto Rally and Lingering Fear
Major cryptocurrencies rallied in tandem with equities, as Bitcoin jumped 2.67% and Ethereum surged 3.53%, yet the Crypto Fear & Greed Index remained in 'extreme fear' territory. Nearly $380 million in liquidations occurred over the past 24 hours, and a drop in open interest suggests the rally lacks strong conviction.
2. Coinbase Shares Gain Momentum
Shares of Coinbase Global Inc. rose 1.12% on the session following broader crypto market gains. Trading volumes increased modestly as investors responded to the uptick in digital-asset prices despite lingering risk-off sentiment.
3. Analyst Forecast and Options Expiry
Research analysts project that markets will remain subdued until Friday’s Deribit options expiration, which could trigger higher volatility upon settlement. One forecast models Bitcoin trading within a $58,000–$76,000 range and Ethereum between $1,750 and $2,200 in the near term.