Bank of America Upgrades Coinbase's Rating to Neutral Amid Positive Crypto Market Conditions
Friday, 17 May 2024, 13:06
Bank of America Upgrades Coinbase's Rating
Bank of America has decided to upgrade Coinbase's rating from underperform to neutral, pointing to the favorable conditions in the cryptocurrency market.
Positive Macro Environment for Crypto
The report highlights the positive macro backdrop contributing to the growth of crypto market cap and trading volumes.
This upgrade underscores the changing dynamics in the digital asset space and the potential impact on Coinbase's future performance.
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