$Coinbase Global, Inc.(COIN)$  While Bitcoin prices have doubled in 2024, Coinbase hasn't fully capitalised. Bitcoin recent price is showing sign of weakness with retracement.

This is also seen in Coinbase share price. The share price has gapped down in recent price movements and pullback in last trading session but closed lower. 

The broader crypto market downturn leading to a decrease in trading activity could also hurt Coinbase since it is a core source of income for Coinbase.

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