Why Ethereum, Dogecoin, and Bitcoin Cash Are Slumping Today [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
Ethereum (CRYPTO: ETH) Dogecoin (CRYPTO: DOGE) and Bitcoin Cash (CRYPTO: BCH) have dropped 4.5%, 5.8%, and 3.8%, respectively, over the past 24 hours as of 2:30 p.m. ET. These moves come despite relatively strong price action in the stock market, with a number of more speculative meme stocks surging today. With cryptocurrencies associated closely with these assets (particularly when we're talking about meme tokens such as Dogecoin), one needs to ask the question -- what's going on here? It does appear some uncertainty around this week's upcoming Federal Reserve Open Market Committee meeting is leading to declines among major tokens, driving uncertainty with the macro backdrop in this space. But there are also some key token-specific fundamental factors that also appear to be in play. Let's dive into what's causing today's turmoil among these three top tokens. Macro/regulatory uncertainty remains Ethereum's status as the world's second-largest cryptocurrency means it's a top di
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News
- COIN Investors Have Opportunity to Lead Coinbase Global, Inc. Securities Fraud LawsuitPR Newswire
- Coinbase drops 15% after earnings, posts worst day in more than two years [MSNBC.com]MSNBC.com
- Coinbase Global, Inc. (NASDAQ: COIN) had its price target raised by analysts at Barclays PLC from $175.00 to $204.00. They now have an "equal weight" rating on the stock.MarketBeat
- Midday stock movers: Carvana, Meta Platforms, Coinbase [Yahoo! Finance]Yahoo! Finance
- Coinbase drops 12% after earnings, heads for worst day in more than a year [MSNBC.com]MSNBC.com
COIN
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- 10/30/24 - Miss
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Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/29/24 - Form 4
- COIN's page on the SEC website