Coinbase (COIN) Plummets 16.7% Amid Falling Crypto Prices

Reported 2 days ago

Coinbase Global, Inc. (NASDAQ:COIN) experienced a significant drop of 16.7% on Friday, closing at $314.69, as investors reacted to a declining cryptocurrency market. This decline coincided with Bitcoin's 1.79% decrease, contributing to a broader market pessimism. Despite a remarkable earnings performance earlier in the year, with a 3,869% surge to $1.4 billion, overall transaction revenues fell, highlighting a cautious trading environment in the second quarter.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis