Coinbase all-time low kicks off slow holiday week

Equities • December 27, 2022, 4:28PM EST
The Block

Quick Take

  • Coinbase fell 8% to an all-time low of $32.65 in a slow day of trading alongside the S&P 500 and Nasdaq.
  • Volume was low in markets, with investors likely taking much-deserved time off.

Coinbase fell 8% to an all-time low of $32.65 in a slow day of trading alongside the S&P 500 and Nasdaq.

Other crypto-related stocks fell, including Galaxy Digital and MicroStrategy.

Bitcoin dropped 1.1% over the past 24 hours, while ether declined 0.7%.


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About Author

Christiana is a long-time journalist who has written about markets in the Americas, politicians who stashed cash in their underwear and high-end heels, to name just a few. She previously spent six years at Bloomberg, and her work has appeared in the WSJ, LA Times, Insider, Vogue Business and more. Christiana has a bachelor's degree in English from Pace University and a master's degree in journalism from New York University. She completed a master's degree in media psychology for fun.

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