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Coinbase Global Inc.’s stock dropped sharply as part of Monday’s cryptocurrency malaise, with shares of the exchange threatening to close around their lowest level ever.
Coinbase stock was off 9.3% at $53.28 in recent trading; the stock’s closing low is $53.72, which it hit in May. Bitcoin fell to its lowest level in 18 months, and ethereum, another popular digital money, lost more than a quarter of its value in recent trading.
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...