Shares of Coinbase have fallen around 45% after reporting earnings alongside a similar-sized fall in crypto’s total market cap, due to expectations of higher interest rates and the sell-off in “longer duration, high growth related assets,” Goldman Sachs said in a research note published on Wednesday.
Related posts
-
South Korea Launches Continuous Monitoring for Crypto Transactions
South Korea’s Financial Supervisory Service (FSS) will introduce a... -
Canadian Regulator Probe Determines That Liquitrade Operates an Illegal Crypto Exchange
The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found... -
NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn
Over the past week, non-fungible token (NFT) sales have...