Coinbase rallies 8% after Goldman Sachs upgrades stock to ‘buy’
Coinbase's stock surged by 8% following an upgrade from Goldman Sachs, which changed its rating to 'buy.' The investment bank cited improved market conditions and a more favorable regulatory environment for cryptocurrencies as reasons for the upgrade. Analysts believe that Coinbase is well-positioned to benefit from the growing adoption of digital assets. This positive sentiment comes amid a broader recovery in the cryptocurrency market, which has seen increased trading volumes and investor interest.
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