Why Coinbase Global Stock Got Socked in the Mouth Today

·2 min read
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.

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