Reported 29 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