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Coinbase has worst week of the year as crypto stocks plummet - TL;DR CNBC

Coinbase has worst week of the year as crypto stocks plummet

Publishing timestamp: 2024-09-08 12:40:12


Summary

Bitcoin, ether, and crypto-related stocks experienced a sharp selloff this week due to concerns about the health of the U.S. economy. Coinbase had its worst week of the year, while bitcoin miner Marathon Digital tumbled 20%. The industrywide selloff reflected growing concerns about the economy and broader decline in prices of bitcoin and ether. The Crypto Fear & Greed Index is in "Extreme Fear" zone, indicating investor worries. The upcoming Federal Reserve meeting and U.S. presidential debate are seen as potential drivers for the crypto market.


Sentiment: NEGATIVE

Tickers: ADA.CM=BTC.CM=SOL.CM=XRP.CM=ETH.CM=RIOTJPMMARASTCEMSTRCOINSCHWCLSK

Keywords: charles schwab corpbitcoin/usd coin metricssolana/usd coin metricsripple/usd coin metricscoinbase global inccardano/usd coin metricsbitcoinenergybusiness newsmarathon digital holdings inctechnologyfintechcleanspark incgary genslerjerome powellethereum/usd coin metricsjpmorgan chase & cocryptocurrencyriot platforms inc

Source: https://www.cnbc.com/2024/09/06/coinbase-marathon-digital-riot-platforms-lead-drop-in-crypto-stocks.html


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