Hack? SEC probe? Cattle for coinbasses despite the hard week

The price of coca coinbase had its best week since November last year, even as the company moved from one bad news to another.

The actions of the waite ended the week to $ 266, their highest level since February and 88% above their lowest level this year. It gives a coin in the market of over 67.8 billion dollars.

The coin experienced the main larger

This gathering happened in a difficult week for the company and the crypto market. First, recently stopped recently, with BitcoinBtc) Remaining stubbornly below $ 105,000 and many Altcoyns are crashed with double digits of their monthly hypoists.

Second, coinbass revealed a main hack It is possible to cost over $ 400 million. Hackers cooperated with foreign staff, they received sensitive data and demanded a $ 20 million ransom. Coinbase discovered that she would not pay the ransom, but instead they would pay the tips leading to the hacker’s arrest.

Third, the coins were found to be under SEC SOND for the wrong data on clients in its disclosures. Probe centers on whether the company has over 100 million verified users, because it claimed in submitting applications. Coinbase insisted that she stopped reporting that number two years ago.

Why is the solution within coinbase

The price of coco coinbase increased despite these coverings because these events will not have a major impact on his job. First, the current return on the crypto market will probably be temporary, with most Analysts predict more wincoin gains In the long run. Ark Invest expects BTC to hit $ 2.4 million in 2030. years, while Blackrock has a goal of $ 700,000.

Second, historical, the impact of the HAKA in the company’s performance is usually limited. For example, the Equifak’s share price jumped since 2017. when it was hacked and data was stolen about 147 million customers. Other companies that succeeded after hacks were target, house depot, Sony and Prestonina.

Also, there is a probability that the waitress has an insurance coverage that will help in any related payment.

Third, the current Senda Sonda began the bilen administration, which means that the Led Paul Atkins agency can end. Sex has already completed many previous probes started by Gary Gensler.

Furthermore, these weeks, events did not lead to a decrease in Wall Street Analysts. Something of the most Bullish They are from Merina, Rosenblatt, Oppenheimer and Compass points.

These analysts state a strong market share in the United States and its expansion to the market of derivatives through Deribit Acquition.

The most important thing is that the price of cattle waits jumped in front of the addition of the S & P 500 index on Monday. This add-on means that all funds that accompany the index forced to buy supplies.