Bitcoin
$23,155.17
-386.25
(-1.64%)
Ethereum
$1,583.68
-31.84
(-1.97%)
Ripple
$0.40
-0.01
(-2.84%)
Litecoin
$92.86
-2.58
(-2.7%)
EOS
$1.08
-0.03
(-2.44%)
Cardano
$0.38
-0.01
(-1.75%)
Stellar
$0.09
-0
(-2.57%)
NEO
$8.27
-0.12
(-1.48%)
NEM
$0.04
-0
(-5.56%)
DigitalCash
$58.85
+1.59
(+2.78%)
Tether
$1.00
0
(0%)
Binance Coin
$307.88
-10.66
(-3.35%)
QTUM
$2.80
+0.1
(+3.86%)
Verge
$0.00
-0
(-0.74%)
Ontology
$0.21
-0.01
(-3.52%)
ZCash
$45.10
-2.48
(-5.21%)
Steem
$0.19
-0.01
(-5.17%)

Why Bitcoin-, Ethereum- And Litecoin-Related Stock Coinbase Is Getting Hammered –

0


Coinbase Global Inc COIN shares are trading lower by 10.34% to $66.27 going into the close of Friday’s trading session. Shares of several banks and financial services companies are trading lower amid overall market weakness following better-than-expected U.S. unemployment data, which could negatively impact lending as it dims the outlook for a Fed policy pivot. A rise in Treasury yields have also weighed on the sector.

Coinbase is also trading lower in sympathy with the price of Bitcoin BTC/USD and Ethereum ETH/USD.

Bitcoin and Ethereum are trading lower by 2.72% to $19,400 and 2.24% to $1,320, respectively, going into the close of Friday’s session.

See Also: Why Microsoft Shares Are Diving

What’s Going On In The Broader Market?

The U.S. added 263,000 jobs last month, outpacing average economist estimates of 250,000 jobs, according to Benzinga Pro. 

New data from the Bureau of Labor Statistics showed the U.S. unemployment rate at 3.5%, beating the 3.7% level economists had projected. The labor participation rate dropped 0.1% to 62.3%, compared to the 63.4% pre-pandemic rate in February 2020…Read More

According to data from Benzinga Pro, Coinbase has a 52-week high of $368.90 and a 52-week low of $40.83.



Read More: Why Bitcoin-, Ethereum- And Litecoin-Related Stock Coinbase Is Getting Hammered –

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 650

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Deprecated: strripos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 674

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.