Block Insider
  • News
  • Market Analysis
  • InsightsSoon
  • EnglishEnglish
    • PortuguêsPortuguês
  • Login
No Result
View All Result
Saturday, June 25, 2022
ADVERTISE
SUBSCRIBE
  • News
  • Market Analysis
  • InsightsSoon
No Result
View All Result
Block Insider
No Result
View All Result
Home News

Coinbase Plunges to All-Time Market Low over Investor’s Changed Movement

Suez Halder by Suez Halder
May 12, 2021
Reading Time:2 mins read
Coinbase Starts Allowing PayPal to Pay for Crypto in the US
TelegramTwitterRedditWhatsapp

Coinbase Global Inc, the largest crypto exchange operator in the USA, plunged to record low value after going public. It slumped about 6% to hold the $256.76 market price on Thursday.

RELATED POSTS

Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency

Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine

Colorado Decides to Accept Cryptocurrency for Tax and Government Payments

The downfall occurred for four consecutive days without showing any upward spike.

Coinbase’s debut on NASDAQ exclusively drew the attention of many investors/traders. It took the headlines as the first major crypto company to enter the stock market.

However, its shares still manage to hold an exceeding tag for the reference price. Wall Street set a supportive $250 reference price on Coinbase direct listing.

Initial start was pretty impressive with a $381 value on April 14. And the price even crossed a $400 mark on the following days. As it looks, Coinbase shares are down to 22% from its opening day value.

It sets a disappointing record for the company to go public just weeks ago. No exchange-traded fund has observed an eighth-day downslide since 2015 in Wall Street.

Market analysts incurred investors diversified interest in other crypto assets. Enthusiasts explicitly mentioned DOGE & Binance Coin – tokens to offer no exchange service.

Advertise
ADVERTISEMENT

Traders keep pouring the investment into trending assets to possess value in the market.

The downfall started with the sudden collapse of crypto assets in the last days of April. The incident hit almost every major crypto towards a sharp downslide.

But major digital currencies like BTC, ETH, DOGE, LTC already soared enough to recover the loss. ETH currently holds the top trending position with extreme surges in market value.

Some are blaming the company’s vague potential on market capitalization for the slide.

Edward Moya, a senior market analyst at Oanda, responded to the media on Coinbase’s downfall. He denoted the withdrawal of its direct listing for the disaster.

Now investors/traders can predict its expectations from other operating exchanges. And it’s likely to affect the market value for a short period – he concluded.

Overall crypto market isn’t exactly holding a steady pace for the last two weeks.

Consecutive events keep approving its absolute uncertainty among conscious market enthusiasts. It’s possible for Coinbase to make a stand on its reasonable recovery.

ShareTweetShareSend
Suez Halder

Suez Halder

Suez Halder is an experienced cryptocurrency analyst and reporter. Taking direct part in crypto trading from 2017, he specializes in evaluating the cryptocurrency and blockchain viability. He holds a bachelor's degree from the Chittagong University of Engineering & Technology.

Related Posts

Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency
News

Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency

March 10, 2022
Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine
News

Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine

March 2, 2022
ByTask Force Pushes Biden Administration to Tighten Cryptocurrency Regulation
News

Colorado Decides to Accept Cryptocurrency for Tax and Government Payments

February 24, 2022
News

Buffett’s Company Invests in Crypto-Focused Bank while MasterCard will Offer Crypto & NFT Services

February 18, 2022
News

New Crypto Coalition Stepped in Amidst a Dramatic Tuesday Comeback of Crypto Pricings

February 11, 2022
Facebook Decides to Retreat from Its Banishment on Cryptocurrency Advertisements
News

Facebook’s Dream of Its Global Cryptocurrency Comes to an Official End

February 3, 2022
Next Post
Mark Cuban Tried to Sell Ellen DeGeneres on Dogecoin

Will Elon Musk’s SNL Appearance Push Dogecoin Even Higher?

Miami’s most luxurious condominium complex starts accepting crypto as payment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Record Setting Sale Hits Decentraland

Record Setting Sale Hits Decentraland

June 18, 2021
WisdomTree expands its digital asset range; adds an Ethereum ETP

WisdomTree expands its digital asset range; adds an Ethereum ETP

April 30, 2021

Crypto Market Initiates a Steep Rise while Coinbase & CoinMarketCap Had Glitches in Pricing

December 23, 2021

Popular Stories

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
Block Insider

A financial portal covering Blockchain News, Crypto Insights and Market Analysis.

Recent Posts

  • Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency
  • Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine
  • Colorado Decides to Accept Cryptocurrency for Tax and Government Payments

Categories

  • Market Analysis
  • News
  • Press Release

© 2022 Block Insider

No Result
View All Result
  • News
  • Market Analysis
  • EnglishEnglish
  • PortuguêsPortuguês

© 2022 Block Insider

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?