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=, RIOT, JPM, MARA, STCE, MSTR, COIN, SCHW, CLSK,
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