Crypto Market Slump Affects Coinbase and Emerging Blockchain Stocks

Crypto Market Slump Affects Coinbase and Emerging Blockchain Stocks. The cryptocurrency market faces downward pressure, influencing stock prices including Coinbase Global (COIN) while presenting unique investment opportunities in blockchain technology stocks.

Date: 05-03-2025

AI Rating: 6

The report discusses recent developments in the cryptocurrency market, particularly the decline in Bitcoin and its impact on related companies. Most notably, Coinbase Global (COIN) has been suffering from a drop in share prices and trading near a 50-day low.

MARAHoldings (NASDAQ: MARA) reported an unexpected EPS of $1.24, considerably beating expectations of negative earnings. The positive earnings announcement is coupled with a P/E ratio of 17.62, marking a significant turnaround, although shares remain near a 52-week low. Analysts project an 83.48% upside potential for MARA shares.

Core Scientific (NASDAQ: CORZ) reported earnings of $0.01, which outperformed expectations of a loss. CORZ is on the verge of a positive EPS trajectory after a tough previous year, with an anticipated price upside of 72.64%. This positive trend is strengthened by significant institutional investment activity.

Cipher Mining (NASDAQ: CIFR) has shown a remarkable earnings surprise with an EPS of $0.06, exceeding estimates of -$0.10. This represents a growth rate of 160% and indicates strong institutional buying interest, despite an increase in short interest. Analysts have rated CIFR a Buy with a notable 107% estimated upside.

Bitdeer Technologies Group (NASDAQ: BTDR) is maintaining a Buy rating amidst the current market slump, with an estimated 74% potential upside. Despite recent earnings falling short of expectations, rising institutional purchases indicate confidence in the growth potential of this stock.

Stocks: COIN MARA CORZ CIFR BTDR