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MarketBeat
MarketBeat
Gabriel Osorio-Mazilli

Coinbase Gains Momentum on App Store—What It Means for the Stock

There are plenty of ways to gauge sentiment around stock and its potential future price. Still, when most of them are known by the market, their accuracy and power start to fade. This is why some of the world’s best investment banks and hedge fund traders use out-of-the-box indicators to measure what’s happening behind the scenes.

Today, there are signs pointing to a potentially bullish quarter in the world of financial stocks, with this particular pick dealing with the cryptocurrency markets. Over the past quarter, the price of Bitcoin has made it to media headlines again as it broke out to a new all-time high and has hovered in some sharp price action ever since. While most people would look at the Bitcoin chart and stop there, here’s a stock that could greatly benefit from all this attention.

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