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Following
BTC Coinbase shares rebounded on Thursday, as new regulatory regulations and the recovery of the crypto market injected new impetus.
After two consecutive trading days of sharp declines, Coinbase (COIN) shares rebounded strongly on Thursday. As sentiment in the crypto market improves and major regulatory developments emerge, investors have found new reasons to buy COIN.
COIN shares fell 4.42% to $164.51 on Wednesday, extending Tuesday's 10% decline. The Senate's failure to advance the CLARITY Act caused Bitcoin to fall below $75,000, putting additional pressure on crypto-related stocks and accelerating the sell-off.
However, the market landscape changed on Thursday. After the Federal Reserve raised interest rates, Bitcoin rebounded above $76,000, and Coinbase shares rose about 4%.
Why did Coinbase's share price fall before?
This weakness is not just due to Bitcoin's trend. The setback of the CLARITY Act has exacerbated regulatory uncertainty, even as investors are already under pressure from rising interest rates. In addition, Coinbase is also facing issues about transaction fees and increasing competition as major crypto platforms are actively competing for active traders.
This also helps explain why recent COIN's performance has been difficult to achieve synchronized fluctuations like Bitcoin.
New SEC rules bring new catalysts to Coinbase
There was a potentially big positive news on Thursday: Tokenized Stocks. The U.S. Securities and Exchange Commission (SEC) has announced a five-year exemption period that allows eligible platforms to try blockchain-based versions of traditional securities under certain conditions.
Coinbase has been deploying such markets, which is expected to eventually expand its business beyond traditional cryptocurrency trading. This opportunity is taking shape: we have previously analyzed in detail how tokenized stocks work, and weekly trading volume in this space is now close to $3 billion.
For Coinbase, this means a potentially important new growth story.
Can COIN continue its rebound momentum?
COIN is still highly volatile. The stock fell to $164.51 on Wednesday from $191.45 on Monday, before recovering on Thursday. The next key question is whether the recovery of crypto prices and the SEC-driven tokenization process can maintain this rise.
If Bitcoin continues to rebound and Coinbase can capture a part of the emerging tokenized equity market, market sentiment around COIN may improve quickly. However, fee pressures, regulatory uncertainty and high interest rates remain potential risks.
The current sharp reversal in Coinbase's share price suggests that investors are looking beyond this week's sell-off and increasingly concerned about the long-term significance of "tokenized Wall Street" to the company.
