Coinbase drops 15% after earnings, posts worst day in more than two years
Publishing timestamp: 2024-10-31 17:30:00
Summary
Coinbase shares dropped after weaker-than-expected earnings and tepid revenue outlook. Other crypto-related stocks also fell. Analysts see potential for longer-term investors but warn of subdued volume and lower U.S. interest rates affecting revenue growth.
Sentiment: NEGATIVE
Tickers: MARA, HOOD, RIOT, BTC.CM=, COIN,
Keywords: marathon digital holdings inc, investment strategy, bitcoin/usd coin metrics, cryptocurrency, business news, breaking news: markets, technology, bitcoin, riot platforms inc, robinhood markets inc, markets, breaking news: technology, coinbase global inc, breaking news: investing,
Source: https://www.cnbc.com/2024/10/31/crypto-market-today.html