Coinbase’s Slump to All-Time Low Sends Market Cap Below Dogecoin

Shares of Coinbase hit a fresh all-time low on Tuesday as the U.S.-based exchange continues to struggle with low trading volume amid falling crypto prices. Continuing declines for the stock have driven Coinbase’s market cap to less than $8 billion versus roughly $10 billion for meme favorite Dogecoin , which has suffered its own major tumble in 2022.

“Crypto traders remain skeptical about holding their cryptos on exchanges,” said Edward Moya, senior market analyst at foreign exchange Oanda. “Coinbase has an uphill battle as many traders fixate over moving their cryptos to cold storage, as surging yields keep pressure on this space, and over an uncertain regulatory path,” he added.

HeleneBraunn coinbase Doge Shocking.

coinbase Doge HeleneBraunn Cathie Wood will seize opportunity 😂

coinbase Doge HeleneBraunn There’s a large weekly bullish divergence.

coinbase Doge HeleneBraunn The next bull run will be started by Dogecoin 👍🏻💯💯

coinbase Doge HeleneBraunn Do you see a bounce back?

coinbase Doge HeleneBraunn Berdoa sahaja semoga tidak terjadi gemuruh

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Korea's economic slump to bottom in first half of 2023, finance minister saysSouth Korea's finance minister said on Monday the economy is slowing at a more rapid pace than previously expected and would bottom in the first half of next year. Here's to wishful thinking~
Source: Reuters - 🏆 2. / 97 Read more »