‘Crypto Winter’ Sparks Coinbase Stock Crash As Bitcoin, Ether And Other Major Cryptocurrencies Crater
- Date: 11-May-2022
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
‘Crypto Winter’ Sparks Coinbase Stock Crash As Bitcoin, Ether And Other Major Cryptocurrencies Crater
Shares of popular crypto-brokerage Coinbase plummeted to a record low Wednesday after the firm reported a worse-than-expected loss spurred by dwindling trading volumes—prompting a flurry of analysts to downgrade the stock as the price of bitcoin, ether and other major cryptocurrencies plummet to nearly one-year lows.
Coinbase stock hit a record low after management revealed the firm's first loss as a publicly traded ... [+] company.