Coinbase Global, Inc. (COIN) has been downgraded by Mizuho, indicating that the stock could drop another 30%. New downgrade for Coinbase could raises new concerns to investors for the crypto broker.
Ark Investment Management has been buying Coinbase and holds a large stake about 8.4 million shares which is approximately 4.7% total outstanding shares in Coinbase but Coinbase shares still falling.
The shares closed red for the week hitting another low, bearish for now.
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