NEW YORK, December 29, 2025, 01:53 ET — Market closed
- Coinbase was last down 1.2% at $236.90, while bitcoin rose about 2.4% to near $89,755 in holiday-thinned trading.
- Traders are watching Tuesday’s Fed minutes and bitcoin’s push toward $90,000 for fresh direction. [1]
- Nasdaq’s earnings calendar estimates Coinbase’s next results on Feb. 12, though the company has not confirmed a date. [2]
Coinbase Global (COIN.O) shares were last down 1.2% at $236.90, as traders tracked a late-year rebound in cryptocurrencies ahead of U.S. markets reopening later on Monday.
Bitcoin rose about 2.4% to $89,755 and ether gained 3.1% to $3,031 in early Monday trading, levels investors often use as a read-through for crypto-linked stocks.
The linkage matters now because Coinbase’s core business still leans on activity in digital assets, and sharp moves in crypto prices can change trading volumes — and fee revenue — quickly.
With the year-end stretch leaving liquidity thin, even modest shifts in sentiment can produce outsized swings in both crypto tokens and U.S.-listed companies tied to them.
Bitcoin climbed above $89,000 and ethereum reclaimed $3,000 earlier Monday as “bullish momentum returns,” The Economic Times reported, citing market participants and exchange research desks. [3]
“With the US dollar heading towards its weakest annual performance in a decade, capital rotation into alternative assets such as crypto is expected,” Akshat Siddhant, lead quant analyst at Mudrex, said in comments carried by The Economic Times. [4]
CoinSwitch’s markets desk attributed part of the move to a “short squeeze” — when traders betting on declines are forced to buy back positions — compounded by thin year-end liquidity. [5]
Macro catalysts sit close behind the crypto tape. Investors are looking to minutes from the Federal Reserve’s December meeting due on Tuesday for clues on how policymakers see the path for U.S. interest rates. [6]
Shifts in rate expectations can ripple into the dollar and broader risk appetite — two levers that have increasingly mattered for crypto prices, and by extension for companies such as Coinbase. [7]
Coinbase has also been trying to reduce its reliance on spot crypto trading by broadening what customers can trade inside its app, including event-linked contracts and prediction markets, Reuters has reported. [8]
Prediction markets let users buy and sell contracts tied to real-world outcomes, such as elections or economic data — a format supporters say can capture collective expectations, but critics liken to gambling. [9]
Before the next session, traders are watching whether bitcoin can hold near the $90,000 area and whether it can clear resistance levels cited by market participants, with support levels also in focus if the move fades. [10]
Coinbase has not announced when it will report its next quarterly results; Nasdaq’s earnings calendar estimates an earnings date of Feb. 12. [11]
On the chart, Coinbase shares traded between $232.96 and $241.40 in the last session, leaving that range as a near-term reference point as markets head into the final days of the year.
References
1. www.reuters.com, 2. www.nasdaq.com, 3. m.economictimes.com, 4. m.economictimes.com, 5. m.economictimes.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.reuters.com, 9. www.reuters.com, 10. m.economictimes.com, 11. www.nasdaq.com
