Coinbase (COIN) continues strong performance amid regulatory pressure

Coinbase, the largest cryptocurrency exchange in the United States, saw its stock price climb nearly 6% over the past week, defying the overhang of the ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC). Despite regulatory uncertainties, Coinbase’s stock closed the week’s session at $55.59, marking a 5.93% increase. Since the SEC’s announcement of the lawsuit on June 6, the stock has risen more than 7%, reflecting the confidence of investors in the company’s long-term prospects. Analysts’ average price target for Coinbase, compiled by The Block Research, saw a slight uptick from $69.17 per share to $69.70.

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