Story perspectives
Coinbase Soars 7.5% as Bitcoin Peaks at $116K
10/4/2025
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Story summary
- Coinbase Global, Inc. (COIN) stock rose to $372.07, up 7.5% on Oct. 2, 2025, as Bitcoin's rally peaked at approximately $116,000.
- Analysts lift COIN targets to $300–$500.
- CEO Brian Armstrong says Coinbase is a "bank replacement," citing product offerings and partnerships with traditional financial institutions.
- Regulatory developments, including the GENIUS Act, are shaping Coinbase's operations and stablecoin strategy.
