Why Is Coinbase (COIN) Stock Rocketing Higher Today
Shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) jumped 6.8% in the afternoon session as stocks rebounded to start the session amid continued market volatility and moved slightly higher after the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown." The good news is that holding rates steady and signaling two additional cuts t