Coinbase shares rose on the session despite reporting a Q4 earnings miss. CNBC’s Kate Rooney joined Squawk on the Street to explain why the stock is up as bitcoin prices firm and risk sentiment improves.
Analysts and traders cited sustained bitcoin price support and improving sentiment in crypto markets as the main drivers behind the move. The segment highlighted that equities-linked moves can lift Coinbase even when quarterly results miss expectations, thanks to a combination of crypto price dynamics and broader market tone.
Investors will be watching for further earnings updates and any regulatory developments that could impact Coinbase and the broader crypto sector. Market mood and crypto prices continue to influence stock performance.
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