Coinbase: Worth A Nibble After Bitcoin’s 40% Drop
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Introduction
Coinbase (COIN) is the world’s third-largest cryptocurrency exchange that has been dealing with a perfect storm as of late: Bitcoin plunging 40%, potentially tougher regulations on crypto, and insiders selling shares soon after the company’s direct listing on Nasdaq. Unsurprisingly, the stock has been moving alongside Bitcoin by falling more than 35% since Bitcoin’s $63,000 peak in mid-April.
In this article, I wish to review the historical…
