Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Big Mistake: Coinbase Shares Fell 20% in December

TheMotleyFool

0 0

Big Mistake: Coinbase Shares Fell 20% in December

Shares of Coinbase Global (NASDAQ: COIN) fell by 19.9% in December, according to data from S&P Global Market Intelligence. This move was triggered by weak pricing trends across the cryptocurrency market, but that correlation looks like a mistake.

It's true that major cryptocurrencies suffered similar declines in December. Bitcoin (CRYPTO: BTC) fell by 18.4% while Ethereum (CRYPTO: ETH) lost 16.4%. The ups and downs of their chart lines were bunched tightly together: