The GraniteShares 2x Long Coinbase Daily ETF (CONL) closed up 1.53% at $48.96 on January 24, 2025, as shares of Coinbase Global Inc. (COIN) rose 1.01% to $299.00, buoyed by favorable market conditions and political developments. The uptick in Coinbase's stock was partly driven by President Donald Trump's executive order favoring the cryptocurrency industry, which has sparked optimism among investors. Additionally, Coinbase's stock found support at its 50-day moving average, further bolstered by Trump's plan for a bitcoin strategic reserve fund. Analysts have been adjusting their price targets for Coinbase, with Needham & Company LLC recently raising their target to $420.00, reflecting a bullish outlook. Despite the positive sentiment, trading volume for Coinbase was notably lower than average, indicating cautious investor behavior.