Tiger Securities Upgrades Coinbase Rating to "Buy," Sets $200 Price Target

BlockBeats News, July 8th, Tiger Brokers upgraded Coinbase from "Hold" to "Buy" and set a target price of $200. The institution stated that with the risk-reward ratio improving after a significant pullback, the toughest bear market phase for Bitcoin may have ended, and a new cycle in the crypto market is expected to begin driven by improved liquidity, growing institutional demand, and increased risk appetite.