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Why is coinbase stock down

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Title: The Curious Case of the Cryptocurrency Craze: Why Coinbase Stock is Down! Hey there, fellow financial adventurers! If you're one of those curious cats who keep a close eye on the stock market, you might have noticed the recent slump in Coinbase's stock value. Don't fret, my friends! Let's embark on a lighthearted journey to uncover why Coinbase stock is down and what it means for the crypto enthusiasts out there. 1. Market Volatility: Buckle up, folks, because the crypto market is like a rollercoaster ride with no breaks! Coinbase, being a leading cryptocurrency exchange, is directly influenced by the unpredictable nature of digital currencies. Recent price fluctuations of major cryptocurrencies, such as Bitcoin and Ethereum, have caused investors to exercise caution, leading to a decline in Coinbase stock. 2. Regulatory Ruckus: Ah, regulations, the arch-nemesis of the crypto world. Coinbase has had its fair share of encounters with regulatory bodies, which might have spooked some investors. The uncertainty surrounding potential regulations, especially in the United States, can make investors jittery and lead to a temporary downturn in the stock. 3. Competition, Ahoy! As the saying goes, "in the land of cryptocurrencies, competition

Why is Coinbase stock falling?

Coinbase Global stock was falling for a second day on Thursday. Some recent sell pressure likely came from funds taking profits after shares in the crypto broker roared higher in a recent rally in tandem with Bitcoin and other tokens.

What happened with Coinbase?

The shutdown comes after Coinbase added aspects of Coinbase Pro — including its lower, volume-based trading fees — into a feature known as "Advanced Trade." Although the Coinbase Pro landing page is still active, any attempts to signup will redirect users to Advanced Trade.

Why is Coinbase tanking?

Analysts cite fundamental challenges, weak rally volumes, regulatory uncertainty, and increased competition as factors contributing to their bearish outlook for Coinbase.

Should I sell my Coinbase stock?

Is Coinbase stock a Buy, Sell or Hold? Coinbase stock has received a consensus rating of buy. The average rating score is and is based on 47 buy ratings, 25 hold ratings, and 27 sell ratings.

Is Coinbase in trouble?

Coinbase now faces two major headwinds: a hostile SEC, which has sued the company, and stiffer competition from fund companies and brokerages. As the SEC sees it, Coinbase is operating an unregistered securities exchange. The agency for years has said Bitcoin falls outside its purview.

What happened to Coinbase now?

In June 2022, Coinbase announced that it would be sunsetting Coinbase Pro to replace it with Coinbase Advanced Trade to provide its full suite of advanced crypto investment services on one single platform.

Frequently Asked Questions

Is Coinbase a good investment?

Coinbase Global, Inc. COIN has been in investors' good books on the back of higher subscription and services revenues, improved product suite, declining expenses and improved outlook.

Is Coinbase stock a buy sell or hold?

Is Coinbase stock a Buy, Sell or Hold? Coinbase stock has received a consensus rating of buy. The average rating score is and is based on 47 buy ratings, 25 hold ratings, and 27 sell ratings.

Why Coinbase stock is dropping?

Coinbase Global stock was falling for a second day on Thursday. Some recent sell pressure likely came from funds taking profits after shares in the crypto broker roared higher in a recent rally in tandem with Bitcoin and other tokens.

Why did Coinbase lose money?

Key parts of the subscription and services business underperformed. Interest income fell after the market cap of USD Coin declined by more than $2 billion from the prior quarter. Coinbase shares revenue with Circle Internet Financial's USD Coin stablecoin on interest earned from the reserves of USD Coin.

FAQ

Is Coinbase a buy sell or hold?
Coinbase Global, Inc. - Buy. Zacks' proprietary data indicates that Coinbase Global, Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the COIN shares relative to the market in the next few months.
Why is Coinbase shares falling?
Coinbase Global stock was falling for a second day on Thursday. Some recent sell pressure likely came from funds taking profits after shares in the crypto broker roared higher in a recent rally in tandem with Bitcoin and other tokens.
Why is Coinbase stock doing so poorly?
On the back of a substantial decline in crypto trading volume, Coinbase reported double-digit year-over-year revenue declines in six consecutive quarters from Q1 2022 to Q2 2023. This lackluster financial performance weighed on Coinbase stock, not surprisingly.
Why does Coinbase lose money?
Coinbase trading volumes fall as exchange posts seventh consecutive quarterly loss. Coinbase Global (COIN), the country's largest crypto exchange, posted its seventh consecutive quarterly loss as its trading volumes and the number of people trading on its platform fell.

Why is coinbase stock down

Will Coinbase bounce back? Coinbase, however, has made a strong comeback in 2023 with its market value already surging more than 50% amid the improving sentiment toward risky assets like cryptocurrencies.
Why did the stock price fall in Coinbase? Shares of the large crypto exchange Coinbase (COIN 7.66%) plummeted more than 81% in the first six months of 2022, according to data provided by S&P Global Market Intelligence. The main reasons for the huge decline are falling cryptocurrency prices and less crypto-trading activity.
What is the future of Coinbase stock? Stock Price Forecast The 21 analysts offering 12-month price forecasts for Coinbase Global Inc have a median target of 90.00, with a high estimate of 200.00 and a low estimate of 39.00. The median estimate represents a -48.71% decrease from the last price of 175.46.
Why is COIN stock dropping? June 6 (Reuters) - Shares of Coinbase Global (COIN.
  • Is Coinbase a buy right now?
    • Coinbase stock has received a consensus rating of buy.
  • What will Coinbase stock be worth in 2025?
    • As long as the Bitcoin market cap remains low, Coinbase's price is expected to decline. According to the analysts , the long-term price forecast for Coinbase (COIN) could reach $257.73 by 2025. It will then move to $1316.77 by 2030 and to $2264.9 by 2034.
  • Why the drop in coinbase
    • Oct 4, 2023 — Analysts led by Dan Dolev cut their third-quarter revenue estimates for Coinbase (ticker: COIN) by 7% to $609 million, according to a research 
  • Is Coinbase stock worth buying?
    • Shares of Coinbase (NASDAQ: COIN) are up an incredible 330% in 2023, and the company has yet to see a big recovery in operations. But we know that crypto trading is up, Coinbase is taking market share, and the company's stablecoin business is doing better than ever.