I think the fact that their team sold a lot of their shares is more impactful compared to the crypto market price. It feels like they're trying to blame the market instead of a bunch of people who clearly dump their shares and make some nice profits.
Topic: 32% drop in the value of shares of Coinbase after the fall in the price of Bitc - page 2. (Read 261 times)
April 24, 2021, 04:32:15 AM
April 24, 2021, 04:12:04 AM
Coinbase shares closed at $ 293.45 after the second trading session. This represents a 32% decrease from $ 429.54 on the first day of trading.
Coinbase, the largest cryptocurrency exchange in the United States, publicly traded its COIN stock on April 14 (April 25) through direct listing on the Nasdaq for $ 381 and quickly crossed the $ 400 mark. Sold. After reaching the $ 381 price level, it improved slightly in the middle of last week, but since then it has been moving steadily downwards.
Prior to Coinbase going public last week, analysts speculated that the exchange's stock price would likely be closely linked to the state of the cryptocurrency market. The events of these few days can confirm the truth of this claim.
It should be noted that last week, the value of the cryptocurrency market fell by about $ 400 billion. Bitcoin fell below $ 50,000 for the first time since early March.
Source: https://decrypt.co/68964/coinbase-stock-32-percent-down-bitcoin-market?&utm_medium=referral&utm_campaign=feed&utm_source=coinmarketcap
Coinbase, the largest cryptocurrency exchange in the United States, publicly traded its COIN stock on April 14 (April 25) through direct listing on the Nasdaq for $ 381 and quickly crossed the $ 400 mark. Sold. After reaching the $ 381 price level, it improved slightly in the middle of last week, but since then it has been moving steadily downwards.
Prior to Coinbase going public last week, analysts speculated that the exchange's stock price would likely be closely linked to the state of the cryptocurrency market. The events of these few days can confirm the truth of this claim.
It should be noted that last week, the value of the cryptocurrency market fell by about $ 400 billion. Bitcoin fell below $ 50,000 for the first time since early March.
Source: https://decrypt.co/68964/coinbase-stock-32-percent-down-bitcoin-market?&utm_medium=referral&utm_campaign=feed&utm_source=coinmarketcap
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