Overview

• Coinbase shares rose about 2% on July 14, reaching roughly $395 and marking a nearly 60% gain for the year.
• Bitcoin hit a record high of $123,091.61, reinforcing bullish sentiment in the cryptocurrency market.
• Oppenheimer analysts raised their price target from $395 to $417, citing mass adoption potential under crypto-friendly legislation.
• Argus Research initiated coverage with a $400 target, highlighting Coinbase’s promising growth runway.
• Congress plans to debate the GENIUS Act and the Digital Asset Market Clarity Act this week, aiming to establish stablecoin frameworks and market transparency.