Why Coinbase Global (COIN) Shares Crashed Yesterday

Insider Monkey01-09

We recently published a list of 10 Firms Mirror Wall Street Decline. In this article, we are going to take a look at where Coinbase Global Inc. (NASDAQ:COIN) stands against other firms mirroring Wall ...

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In this article, we are going to take a look at where Coinbase Global Inc. (NASDAQ:COIN) stands against other firms mirroring Wall ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-coinbase-global-coin-shares-211347867.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4595","symbol_name":"比特币概念","start_time":0,"source_url":"https://finance.yahoo.com/news/why-coinbase-global-coin-shares-211347867.html","article_id":"2502083712","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502083712","pubTimestamp":1736370827,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wall Street’s main indices suffered a bloodbath on Tuesday, as investors shifted to other higher-yielding assets following better Treasury yields.The Nasdaq Composite led the drop, losing 1.89 percent, followed by the S&P 500 declining 1.11 percent. Meanwhile, the Dow Jones dipped by 0.42 percent.The overall market downturn dragged down the prices of these 10 companies. In this article, let’s explore the reasons behind their decline.To come up with Tuesday’s top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.A shot of someone securely accepting crypto assets as payment, showcasing the company's payment solutions.Shares in Coinbase Global Inc.  declined by 8.14 percent or $23.43 on Tuesday to close at $264.33 apiece after Cathie Wood’s asset management firm Ark Invest sold 3,769 shares for a total of $1.08 million.The US SEC filed a lawsuit against Coinbase  in 2023 alleging that the crypto exchange has been","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4595":"比特币概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","COIN":"Coinbase Global, Inc.","BK4588":"碎股","QID":"纳指两倍做空ETF","TQQQ":"纳指三倍做多ETF","BK4551":"寇图资本持仓","TSYW.SI":"TESLA 3xLongSG261006","USAW.SI":"AMZN 3xLongSG261006","BK4596":"哈里斯概念",".IXIC":"NASDAQ Composite","NVIW.SI":"NVDA 3xLongSG261006","BK4600":"加密货币概念","PSQ":"纳指反向ETF","BK4112":"金融交易所和数据","SQQQ":"纳指三倍做空ETF","BK4539":"次新股","BK4516":"特朗普概念","QLD":"纳指两倍做多ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","USJW.SI":"ALPHAB 3xLongSG261006","BK4554":"元宇宙及AR概念","BK4585":"ETF&股票定投概念"},"translate_title":"为什么Coinbase Global(COIN)股价昨天暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":1,".IXIC":0.9,"MNQmain":0.6,"USJW.SI":0.6,"USAW.SI":0.6,"TSYW.SI":0.6,"TQQQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NVIW.SI":0.6,"NQmain":0.6},"content_text":"We recently published a list of 10 Firms Mirror Wall Street Decline. In this article, we are going to take a look at where Coinbase Global Inc. (NASDAQ:COIN) stands against other firms mirroring Wall Street decline.\nWall Street’s main indices suffered a bloodbath on Tuesday, as investors shifted to other higher-yielding assets following better Treasury yields.\nThe Nasdaq Composite led the drop, losing 1.89 percent, followed by the S&P 500 declining 1.11 percent. Meanwhile, the Dow Jones dipped by 0.42 percent.\nThe overall market downturn dragged down the prices of these 10 companies. In this article, let’s explore the reasons behind their decline.\nTo come up with Tuesday’s top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.\n A shot of someone securely accepting crypto assets as payment, showcasing the company's payment solutions. \nCoinbase Global Inc. (NASDAQ:COIN)\nShares in Coinbase Global Inc. (NASDAQ:COIN) declined by 8.14 percent or $23.43 on Tuesday to close at $264.33 apiece after Cathie Wood’s asset management firm Ark Invest sold 3,769 shares for a total of $1.08 million.\nAccording to reports, the sell-off was due to the lack of bounce back in the company’s stock performance.\nInvestors were also waiting on the sidelines for updates on an ongoing legal case between the company and the Securities and Exchange Commission ahead of the inauguration of the Trump administration.\nThe US SEC filed a lawsuit against Coinbase (NASDAQ:COIN) in 2023 alleging that the crypto exchange has been facilitating unlawful trading of at least 13 digital assets, which ought to be registered as securities.\nOverall, COIN ranks 6th on our list of firms mirroring Wall Street decline. While we acknowledge the potential of COIN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COIN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2502083712"}