image 1340496871 Coinbase Stock: Unpredictable Crypto Selloff Continues

Coinbase Stock: Unpredictable Crypto Selloff Continues

– Coinbase has declined by 80% since its all-time high in November 2020, eroding $48 billion of its value
– The selloff in Coinbase’s share price is due to the general trend of growth stocks being hammered at times of rising interest rates and increasing equity premiums, the bitcoin price collapse of 60%, and poor earnings results and cash drainage
– The crypto selloff was caused by the hawkishness of the FED and other central banks in response to increased inflation, and the collapse of the Terra blockchain
– The length of the current bear market in crypto is unknown, but it is expected that Coinbase’s revenue will decline by 20% in 2022 and be flat in 2023
– The three main risks associated with cryptocurrency exchanges are high correlation with bitcoin, regulation, and cybersecurity threats

 

 

image 1340496871 Coinbase Stock: Unpredictable Crypto Selloff Continues
Coinbase Stock: Unpredictable Crypto Selloff Continues 3

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