Coinbase’s $51 Billion Nosedive Isn’t Only About Crypto Winter

Bloomberg2022-05-23

Largest US cryptocurrency exchange underperforms even BitcoinIt could pause expansion of sales, support staff, analyst saysMonitors display Coinbase signs during the company's IPO at the Nasdaq ...

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Comments

  • Rudyy
    2022-05-24
    Rudyy
    👍
  • cowsmile
    2022-05-24
    cowsmile
    Yes
  • boonhong21
    2022-05-24
    boonhong21
    Oh no
  • Moolele
    2022-05-24
    Moolele
    Another IPO
  • Toby_Chua
    2022-05-24
    Toby_Chua
    Strong management required
  • PearlynCSY
    2022-05-24
    PearlynCSY
    Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim’s Minerd says. Bitcoin could drop further and fall to $8,000 from its current levels, predicted Guggenheim Chief Investment Officer Scott Minerd. That would represent a more than 70% drop to Tuesday morning’s price of just over $30,000. If Minerd’s forecast comes true, it would inflict further pain on bitcoin and the broader cryptocurrency market which has seen around $500 billion wiped off its value in the past month. Minerd is referring to the U.S. Federal Reserve’s hiking of interest rates and tightening of monetary policy. The CIO also said that most crypto is “junk” but that bitcoin and ethereum will survive. 
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