Coinbase plunges along with bitcoin and the rest of crypto
CNN
Bitcoin prices are tumbling. And so are shares of top cryptocurrency trading firm Coinbase Global.
Coinbase fell 2% Tuesday and is now trading at about $217 — not far from its all-time low and a far cry from its peak price of about $429.50. It's been just two months since Coinbase went public via a direct listing of its stock. Needless to say, the timing has been terrible. Coinbase shares are down more than 35% from the closing price on its first day of trading. Bitcoin has suffered a more than 50% drop during that time frame.More Related News
Country star Brad Paisley and the Howard Gospel Choir will team up to provide the entertainment at a glitzy, black-tie state dinner at the White House on Thursday as President Joe Biden and first lady Dr. Jill Biden roll out the red carpet for Kenya President William Ruto and first lady Rachel Ruto.