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Crypto

Coinbase Surges Past Bitcoin as Binance Faces Regulatory Heat

Guavy AI Editorial Team
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BTC BNB
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Coinbase stock rose 25.6% over the past week, surpassing Bitcoin's 24.4% gain and outperforming BNB's 13.0% increase.

This surge comes as Binance faces renewed scrutiny following the questioning of two staff members in the UAE by authorities.

Coinbase ended the session at $186.49, putting it just 4.5% below the consensus analyst price target of $194.97.

The company's CEO, Brian Armstrong, stated that Coinbase is 'no longer a bet just on the price of Bitcoin', but investors have yet to be fully convinced by this narrative.

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