Tiger securities up the Coinbase rating to buy

On 8 July, Tiger Securities increased the Coinbase rating from holding to purchase and granted a target price of $200. The agency indicated that, as the return on risk had improved as a result of a previous significant reversal, the most difficult bear-market phase of Bitcoin or the end of it, the new encrypted market cycle was expected to start with a boost from liquidity warming, increased institutional demand and improved risk preferences。