Global Stock News

Coinbase stock price in strong decline

Coinbase stock price in strong decline

Yesterday, the price of Coinbase shares on the stock market lost more than 15% in a single day. 

The decline occurred simultaneously with the return of the Bitcoin price first below $72,000 and then also below $70,000.

The price of Coinbase shares

On Wednesday, the stock price of Coinbase (COIN) had closed the trading session on the Nasdaq above $211.

Yesterday, on the other hand, it opened at $203, that is, with a -3.5% already at the opening.

Shortly before, some data regarding the US economy had been released, particularly the labor market, and these had caused a bit of a stir in all the US stock exchanges. 

For example, the Dollar Index suddenly dropped from 104.0 points to 103.8 points, only to bounce back almost…

Source link

Share this article

Scroll to Top