Coinbase Stock Hits Record High — Market Cap Tops $100 Billion for First Time

TradingKey – On Monday, July 14, shares of Coinbase (COIN) surged nearly 2%, reaching an intraday high of $398.50, marking a new all-time high. The rally pushed the company’s market capitalization past $100 billion for the first time, now standing at $100.36 billion.

Coinbase Stock Price Chart – Source: TradingView.

The surge was largely driven by Bitcoin’s breakout above $123,000, which lifted investor sentiment and triggered a broad rally across crypto-related equities. Coinbase, as the largest U.S.-listed crypto exchange, remains tightly correlated with Bitcoin’s price movements.

At press time, Bitcoin (BTC) has retreated more than 4% from its peak, falling below the $120,000 threshold to $118,034. Analysts warn that this correction could weigh on Coinbase’s stock in the short term, with $110,000 identified as the next key support level.

Bitcoin Price Chart – Source: TradingView.