Bitcoin

Price Drops and Coinbase IPO

  Bitcoin Price Drops and Coinbase IPO Bitcoin price managed to reduce losses even though it declined over the weekend. Bitcoin, which fell sharply from $ 61,000 late Friday, reached $ 51,300 on Saturday night. On Monday, it was traded at just over $ 57,000. Experts drew attention to two issues as the reason for these decreases. First; Power outages in China's Xinjiang province, which caused the majority of Bitcoin miners to shut down, and second, speculation that the Treasury Department could stop money laundering through it and other cryptocurrencies. It broke the record, reaching a high of $ 64,899 on Wednesday, just before the Coinbase IPO. It is said that a massive price drop in Bitcoin could hit crypto games like Grayscale Bitcoin Trust (GBTC). It is not yet clear how bitcoin price fluctuations will affect COIN shares, at least in the short term.

Bitcoin price managed to reduce losses even though it declined over the weekend. Bitcoin, which fell sharply from $ 61,000 late Friday, reached $ 51,300 on Saturday night.

Coinbase IPO

Coinbase (COIN), a cryptocurrency exchange, is seen as a rapidly growing highly profitable investment. Coinbase is a cryptocurrency exchange giant that prints real dollars for digital asset trading. It is known that the stock market, which attracts a lot of attention, has a bright future. But it's not the time to get into the COIN stock. It could be a much more rational approach to let a new stock find its basis. An IPO floor, which can be very short, is often quite volatile. However, without a true chart pattern, it can offer a much higher chance of success than buying an IPO on its debut or first few days. Coinbase opened at 385 on Wednesday, quickly rising to 429,54, but then sold out. In the past two days, shares have never exceeded 350 and closed Friday at 342. Anyone who bought COIN shares in the first few minutes suffered a huge loss.    

Kaynak: www.investors.com

 

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