Digital asset exchange, Coinbase has seen its stock price fall due to bearish macroeconomic factors. Historically, the asset trades with activities in the crypto market in addition to other factors. This leads to price volatility characterized by falls during crypto bear seasons and peaks with a bullish outlook.
Wider crypto stocks have also faced daily lows closing trading to extend previous losses. However, bulls opine that the next bull phase and upward swing will break the $72,000 mark. While this is uncertain, on-factors and price trend points to a price rebound coupled with a potential interest rate cut.
Coinbase Losses Deepens
The largest crypto exchange by volume in the United States has extended short-term outflows in the last 24 hours. COIN declined 6% today to trade at $212.31 as crypto prices plunged. The asset’s poor performance reflects the present market…
