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Crypto Market Update: Coinbase Slashes Workforce, Strategy Considers Bitcoin Sale

Crypto Market Update: Coinbase Slashes Workforce, Strategy Considers Bitcoin Sale

Here’s a quick recap of the crypto landscape for Wednesday (May 6) as of 8:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin (BTC) was priced at US$81,471 after passing US$82,000 earlier in the day.

Bitcoin price performance, May 6, 2026.

Bitcoin price performance, May 6, 2026.

Chart via TradingView.

Ether (ETH) was priced at US$2,348.18, down by 1 percent over the last 24 hours.

Today’s crypto news to know

Coinbase slashes 14 percent of workforce

Major cryptocurrency exchange Coinbase (Global NASDAQ:COIN) is laying off roughly 14 percent of its workforce, impacting about 700 employees as the firm restructures to navigate sluggish…

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