Coinbase (NASDAQ: COIN) stock advanced despite fresh warnings from Goldman Sachs that hedge funds are aggressively dumping U.S. technology stocks, highlighting resilient investor confidence in the crypto exchange. COIN shares gained 2.11% to close at $160 on July 21 and climbed another 3.28% in premarket trading to around $166. The rally suggests investors are focusing on improving market sentiment fueled by the ongoing U.S. earnings season rather than concerns about a broader technology-sector slowdown. Goldman Sachs Prime Services desk said hedge funds have been selling U.S. technology… Read more
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