Why Coinbase Global Stock Got Socked in the Mouth Today
Stocks and cryptocurrencies were strongly out of favor with investors on Wednesday. In what hardly qualifies as a surprise, investors traded Coinbase down mercilessly, and its share price closed more than 9% lower on the day. If cyptocurrencies as a general asset class are getting the cold shoulder from investors, you can bet your bottom Bitcoin that Coinbase is taking a hit, too.