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BTC.CB=-3,875.00 (-14.14%)
COIN-7.09 (-12.08%)
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021.
Shannon Stapleton | Reuters
Coinbase shares are down more than 14% on Monday morning. Shares were down more than 21% before markets opened.
Coinbase makes a commission when people buy and sell cryptocurrencies. Monday’s move appears to be tied to the tumbling crypto market.
Bitcoin is now trading at the lowest levels since December 2020, below $24,000, according to CoinDesk data. More than $200 billion has been wiped out of the cryptocurrency market since the start of the weekend.
Crypto lender Celsius may be partly to blame for the price decline in digital currency. The company said Monday it’s pausing all withdrawals, swaps and transfers between accounts due to “extreme market conditions.” Binance also temporarily paused bitcoin...
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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...