โCOIN volumes appear to surge during sell-offs, but fail to bounce back during brief rallies,โ Dolev said in a note to clients. โAs evidence, average daily trading volume on the COIN platform on Bitcoin down-days was 15% higher than volumes on Bitcoin up-days. In recent months, however, down-day volumes are 42% higher than up-days, or nearly 3x vs. the prior ratio.โ Dolev has a neutral rating on COIN with a $45 price target.
Coinbase Shares Slump With Crypto Prices as Binance.US Starts Zero-Fee BTC Trading
