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0.000636942675159199 0 0.00121019108280253 0.000828025477706977 -0.0012738853503184 -0.00471337579617822 0.00191082802547778 0.0129808917197453
Stock impact report

Gut check on Bitcoin [Globe and Mail, The (Toronto, Canada)]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Over the last several sessions, investors have had to adjust their expectations about interest rates and market liquidity, leading to broad deleveraging across multiple asset classes. In this kind of environment, Bitcoin often behaves like a high-beta macro asset: It sells off quickly when financial conditions tighten, then stabilizes as forced selling clears and marginal buyers return. What is notable about this episode is that, unlike prior crypto winters, the downturn is not being led by spectacular scandals, major exchange bankruptcies, or a single dominant plumbing failure. The stress is showing up more clearly in the parts of the ecosystem that are most sensitive to activity. Publicly traded trading platforms have been hit hard because their revenues are directly tied to volumes. As Coinbase Global Inc. and peers like Gemini Space Station Inc. and Bullish have seen trading volumes contract, analysts have moved quickly to reset expectations, and equity prices have repriced ac Show less Read more
Impact Snapshot
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