The post COIN Stock Analysis as Bitcoin Retests $72k Ahead of February NFP Data appeared on BitcoinEthereumNews.com.

COIN stock price is soaring today. It jumped by over 13%, continuing a recovery trend that started on February 12. This rebound happened as Bitcoin and other altcoins surged and as Cathie Wood continued her accumulation. COIN Stock Jumps as Bitcoin Rally Continues  Coinbase stock price rose sharply, helped by the ongoing Bitcoin and altcoins rebound. Bitcoin jumped to $72,840 for the first time since February 3. It has now moved into a bull market after soaring by 20% from its lowest level in February. Other altcoins resumed the upside, with Ethereum moving to $2,130 and XRP rising to $1.45. The market capitalization of all coins rose by 5% in the last 24 hours to over $2.42 trillion.  Coinbase, the biggest crypto exchange in the United States, often does well when cryptocurrencies are rising, as this normally leads to more volume. The volume in the last 24 hours jumped by 10% to $138 billion. The ongoing Bitcoin price recovery is happening after the media reported that Iran had reached out to the United States for a deal on ending the war.  While no side has confirmed whether the outreach happened, such a move would be bullish for Bitcoin, cryptocurrencies, and the COIN stock. For one, the end of the war would reduce the risk of inflation in the US and other countries. It would also remove one of the biggest macro risks in the market. The next important Bitcoin news will be the non-farm payrolls (NFP) report on Friday. A report released by ADP on Wednesday showed that the private sector created 68,000 jobs in February, lower than the median estimate of 70,000 Economists believe that the upcoming NFP data will show that the economy softened in February. A weak NFP report will be bullish for Bitcoin and Coinbase stock…

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Filed under: News - @ March 4, 2026 5:22 pm