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Coinbase rallies after SEC tokenized-stock approval but may face resistance near $215 as remorseful buyers sell at breakeven.
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Coinbase Global Inc. CEO Brian Armstrong highlighted on Monday, September 21, growing traction for the tokenized U.S. stocks issued by the company.
The Nasdaq hit a record close on September 21, 2026, gaining 2.26% to 27,122, driven by semiconductor strength and AI optimism. The S&P 500 rose 1.49% to 7,765 while the Dow gained 0.71% to 52,049. Advanced Micro Devices jumped nearly 10% and Meta Platforms soared over 11% following strong AI developments. Bitcoin surged above $87,000 for the first time since January. However, Morgan Stanley warned that further market turbulence could occur if energy prices rise and Treasury yields remain elevated.
Coinbase opens IPO investing to U.S. retail customers, starting with Oura as COIN shares jump nearly 5%.