What Happened To Coinbase? Why Coinbase Stock Is Down and What It Means for Crypto

Wealth Professor

What Happened To Coinbase? Why Coinbase Stock Is Down and What It Means for Crypto

💰 Get $100 in FREE Bitcoin by Opening a Tax-Free Crypto IRA w/iTrustCapital – e 🔥 7 Ways to Make Money With Crypto Even If You Are Brand New – 💰 Get Done-For-You Trading – 🔥 Make Passive Income With Crypto: x ▬▬▬▬▬▬▬▬▬▬ 👇 Related videos you might like: ✅ The Disastrous Fall of Chamath Palihapitiya /> ✅ Microsoft Is Destroying Mark Zuckerberg’s Metaverse: Microsoft vs Facebook Metaverse Explained /> ▬▬▬▬▬▬▬▬▬▬ As unexpectedly as crypto rose; its crash has also been swift. Worthless in the beginning, all the rage just a while back, and probably headed the wrong way now – crypto’s story is one with twists and turns. You may have come across some commotions regarding the shares of the US cryptocurrency exchange Coinbase Global Inc. They have recently been hit hard amid a cryptocurrency selloff that has shown many signs of slowing. Bitcoin is the largest cryptocurrency by volume. And much to everyone’s surprise, it dropped by 7.8% to $47,873. Ethereum was down 7.6%, Cardano declined 9.9%, and Terra was down 10.3%. The company’s shares tumbled 13% in trading after the bell. Total Coinbase revenue fell to $1.31 billion from $2.23 billion in the prior quarter, missing estimates of $1.57 billion. People with more experience and divulgence may be aware that after its inception in 2009, the Bitcoin and cryptocurrency markets have seen many cycles of growth and decline, even within the larger ongoing trends. While it’s true that each market venture has so far been followed by a retrieval leading to significant growth, the period of decline can be aggravating and tough to navigate for experienced traders and novice investors alike. What’s the reason of this downfall? Will Coinbase be able to fully recover and return to its regular productivity? Stay with me till the end if you want to know how the Russian-Ukrainian conflict impacted Coinbase. 👋 Hey, I’m Gio. I have a huge passion for business stories and case studies, and I felt YouTube had lots of great videos about them. But as I was trying to learn more about innovative companies, I realized it was much more difficult to find truly good content. So I teamed up with some skilled friends and started my own YouTube channel. Wealth Professor was born as a place to learn about finance, entrepreneurship, and innovation. Our goal is to help investors, entrepreneurs, and anyone looking to become financially smarter in today’s changing economy. Every week, we publish videos to help you master the transformation of the world we’re living in. Join us on our journey to the future of business. Subscribe here: l ——————————————————————————– 👉 DISCLAIMER This channel is intended to share information for educational purposes. We DO NOT GIVE FINANCIAL ADVICE! Please consult a licensed financial advisor and do your own research before making any financial action. Some of the links and other products that appear on this video are from companies which Wealth Professor (WP) will earn an affiliate commission or referral bonus. WP is part of an affiliate network and receives compensation for sending traffic to partner sites.