Home Fear & Greed Pools Wallets Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 6597
Markets: 112451
Crypto Currency Tracker logo Crypto Currency Tracker logo
ENG
EST
RUS
TUR
DEU
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRO
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VEF
VND
VES
VUV
WST
ZAR
ZMW
ZWL
Market Cap
24h Vol
6597
Cryptocurrencies
58.23%
Bitcoin Share
Cryptopolitan 2025-09-29 20:42:51

Coinbase shares rose 5.9% after BlackRock deposited over $240 million in crypto into Coinbase Prime

Coinbase shares rose 5.9% after BlackRock deposited over $240 million in crypto into Coinbase Prime

Coinbase’s stock surged by 5.9% during Monday’s trading session after a burst of trading volume and renewed inflows from institutional investors pushed Bitcoin and other cryptos’ prices higher, according to data from Google Finance. The total market value of all crypto assets has surged by 2.5% to $3.86 trillion, led by Bitcoin reclaiming $113,000 and Ethereum rising by almost 3%. In other news, BlackRock deposited about $206 million of Ethereum and $38 million of Bitcoin into Coinbase Prime, showing heavy institutional positioning on the exchange. Hester Peirce, an SEC Commissioner, said the United States is entering “a more constructive era for digital assets.” Meanwhile, the Federal Reserve restarted its rate‑cut cycle, something traders have long linked with more appetite for risk assets such as crypto and stocks tied to it. Over the past twelve months, Coinbase stock has made 59 price moves bigger than 5%, making JPMorgan and Goldman Sachs analysts to remind investors of how volatile it is. Seven days ago, the stock fell by 2.8% when a wave of forced selling hit crypto and about $77 billion of value vanished from the total market, with $1.7 billion of leveraged positions liquidated and more than 400,000 traders impacted. Bitcoin broke below a key support level during that crash, dragging down other coins and stocks linked to the sector. Coinbase gains as investors return to crypto The current price action shows how closely Coinbase moves with crypto markets, because the moment Bitcoin started to wobble, nearly all stocks tied to the sector dropped across the board, as Cryptopolitan reported. Today’s rise comes with the stock still up 28.4% since January but trading at $330.23 per share, which is 21.3% below its 52‑week high of $419.78 reached in July 2025. An investor who put $1,000 into Coinbase shares at its April 2021 IPO would now hold an investment worth about $1,006. At the same time, a major change is taking place in Bitcoin options. BlackRock’s iShares Bitcoin Trust (IBIT) has overtaken Coinbase’s Deribit platform as the biggest venue for these contracts. Open interest in options tied to IBIT stood near $38 billion compared with $32 billion on Deribit after Friday’s expiry. Deribit was created in 2016 and dominated this trade for years, while IBIT options only began trading in November last year, so this is a pretty big deal. IBIT holds $84 billion in assets and is now the largest Bitcoin ETF, and its rapid options growth has built a feedback loop of more liquidity and more inflows. George Mandres, senior trader at XBTO Trading, said the entrance of Wall Street players brings “substantial capital and trading expertise,” deepening liquidity and tightening spreads. He added it is also “dampening the volatility of volatility” as traditional investors weigh Bitcoin against currencies or gold, opening the door to smaller price swings. George Mandres also said liquidity will not be fully absorbed in the U.S. “We expect two parallel ecosystems — one centered on regulated, TradFi products, and another in offshore and DeFi venues that continue to drive innovation for higher‑risk participants,” he said. Join Bybit now and claim a $50 bonus in minutes

Most Read News

Market Cap
24h Vol
58.23%
Bitcoin Share
576
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.