{"id":847945,"date":"2025-05-13T09:11:38","date_gmt":"2025-05-13T14:11:38","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/13\/coinbase-to-join-sp-500-on-may-19-coin-price-gains-bullish-momentum\/"},"modified":"2025-05-13T09:11:38","modified_gmt":"2025-05-13T14:11:38","slug":"coinbase-to-join-sp-500-on-may-19-coin-price-gains-bullish-momentum","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/13\/coinbase-to-join-sp-500-on-may-19-coin-price-gains-bullish-momentum\/","title":{"rendered":"Coinbase to Join S&#038;P 500 on May 19: COIN Price Gains Bullish Momentum"},"content":{"rendered":"<div role=\"main\" id=\"main-content-row\">\n<article id=\"the-post\" data-post-url=\"https:\/\/coinpedia.org\/price-analysis\/coinbase-to-join-sp-500-on-may-19-coin-price-gains-bullish-momentum\/\" data-post-title=\"Coinbase to Join S&#038;P 500 on May 19: COIN Price Gains Bullish Momentum\" data-post-edit=\"https:\/\/coinpedia.org\/wp-admin\/post.php?post=454033&#038;action=edit\">\n<div>\n<figure><img width=\"1200\" height=\"628\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2025\/05\/07191426\/Coinbase-CEO-Brian-Armstrong-Bags-130M-for-Longevity-Startup-NewLimit.webp\" alt=\"Coinbase CEO Brian Armstrong Bags $130M for Longevity Startup NewLimit\" data-main-img=\"1\" decoding=\"async\" fetchpriority=\"high\"  ><\/figure>\n<\/div>\n<div>\n<ul>\n<li><strong>Coinbase stock will replace Discover Financial Services in the S&#038;P 500 effective May 19, 2025.<\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong>COIN shares surged over 8 percent during Monday\u2019s after-hours trading session.<\/strong><\/li>\n<\/ul>\n<p>Coinbase Global Inc. (NASDAQ: COIN) will be listed as part of the S&#038;P 500 index, which tracks large-cap companies in the United States, on May 19, 2025. According to the announcement, Coinbase will replace Discover Financial Services (NYSE: DFS) in the S&#038;P 500.<\/p>\n<p>Furthermore, Discover Financial Services is being acquired by Capital One Financial Corp. (NYSE: COF), a constituent of the S&#038;P 500 index.<\/p>\n<p>The announcement received huge attention from the wider crypto community led by Michael Saylor, co-founder of <a href=\"https:\/\/coinpedia.org\/crypto-live-news\/strategy-boosts-bitcoin-holdings-hits-15-5-yield-in-2025\/\">Strategy<\/a>. Moreover, the <a href=\"https:\/\/www.spglobal.com\/spdji\/en\/documents\/indexnews\/announcements\/20250512-1478052\/1478052_dfs5.pdf\">listing<\/a> of Coinbase shares on the S&#038;P 500 index further solidifies the growth and maturity of the cryptocurrency market and blockchain technology.<\/p>\n<figure><\/figure>\n<p>Following the announcement, COIN shares surged over 8 percent in Monday\u2019s after-hours trading session to hover about $225. The large-cap company, with a market valuation of about $50 billion, successfully rebounded from a crucial support level above $150.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"1005\" height=\"628\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2025\/05\/13033838\/AD_4nXdZurqXt34He7U6TDrzn7CPoIBynUzJevH6IkP-Df8dKF_AKpRCZ6JNUeGbVyYmFvhjfslN2TLjEHLd2bTHyB8BiswSAtBw55wOPctPYT9stBn87TtnDFSlRymn-wcsxZzGpYG3GQ.png\" alt   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201005%20628'%3E%3C\/svg%3E\" data-lazy-srcset=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2025\/05\/13033838\/AD_4nXdZurqXt34He7U6TDrzn7CPoIBynUzJevH6IkP-Df8dKF_AKpRCZ6JNUeGbVyYmFvhjfslN2TLjEHLd2bTHyB8BiswSAtBw55wOPctPYT9stBn87TtnDFSlRymn-wcsxZzGpYG3GQ.png 1005w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2025\/05\/13033838\/AD_4nXdZurqXt34He7U6TDrzn7CPoIBynUzJevH6IkP-Df8dKF_AKpRCZ6JNUeGbVyYmFvhjfslN2TLjEHLd2bTHyB8BiswSAtBw55wOPctPYT9stBn87TtnDFSlRymn-wcsxZzGpYG3GQ-300x187.png 300w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2025\/05\/13033838\/AD_4nXdZurqXt34He7U6TDrzn7CPoIBynUzJevH6IkP-Df8dKF_AKpRCZ6JNUeGbVyYmFvhjfslN2TLjEHLd2bTHyB8BiswSAtBw55wOPctPYT9stBn87TtnDFSlRymn-wcsxZzGpYG3GQ-768x480.png 768w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2025\/05\/13033838\/AD_4nXdZurqXt34He7U6TDrzn7CPoIBynUzJevH6IkP-Df8dKF_AKpRCZ6JNUeGbVyYmFvhjfslN2TLjEHLd2bTHyB8BiswSAtBw55wOPctPYT9stBn87TtnDFSlRymn-wcsxZzGpYG3GQ-320x200.png 320w\" data-lazy-src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2025\/05\/13033838\/AD_4nXdZurqXt34He7U6TDrzn7CPoIBynUzJevH6IkP-Df8dKF_AKpRCZ6JNUeGbVyYmFvhjfslN2TLjEHLd2bTHyB8BiswSAtBw55wOPctPYT9stBn87TtnDFSlRymn-wcsxZzGpYG3GQ.png\"><\/figure>\n<p>As a result, the COIN stock market is well positioned to rally beyond a crucial resistance level of around $348 in the near term. In the daily timeframe, COIN\u2019s MACD line recently crossed above the seton line, amid the growing bullish momentum confirmed by the rising histograms.<\/p>\n<p><a href=\"https:\/\/coinpedia.org\/news\/bitcoin-supply-shock-incoming-nakamoto-holdings-and-kindlymd-merges-with-710m-to-form-a-btc-treasury-vehicle\/\">Moreover<\/a>, the company is heavily invested in Bitcoin and the wider altcoin market, which has signaled bullish momentum at the time of this writing. However, a consistent close below the recently established support level of around $150 will lead to further sell-off for COIN stock possibly towards the support level of around $116.<\/p>\n<\/div>\n<div>\n<h2>We&#8217;d Love to Hear Your Thoughts on This Article!<\/h2>\n<div>\n<h4>Was this writing helpful?<\/h4>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/coinpedia.org\/price-analysis\/coinbase-to-join-sp-500-on-may-19-coin-price-gains-bullish-momentum\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Steve Muchoki<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase stock will replace Discover Financial Services in the S&amp;P 500 effective May 19, 2025. COIN shares surged over 8 percent during Monday\u2019s after-hours trading session. Coinbase Global Inc. (NASDAQ: COIN) will be listed as part of the S&amp;P 500 index, which tracks large-cap companies in the United States, on May 19, 2025. According to<\/p>\n","protected":false},"author":1,"featured_media":847946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22217,4759],"tags":[],"class_list":["post-847945","post","type-post","status-publish","format-standard","has-post-thumbnail","category-coinbase","category-price"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/847945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=847945"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/847945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/847946"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=847945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=847945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=847945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}