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Coinbase has worst week of the year as crypto stocks plummet
Cryptocurrency exchange Coinbase just wrapped up its worst week of the year. Bitcoin miner Marathon Digital tumbled 20%. A basket of crypto-related equities tracked by Schwab fell to its lowest level since February. The industrywide selloff reflected growing concerns about the health of the U.S. economy and tracked a broader decline in prices of bitcoin , ether and risky assets in general. The tech-heavy Nasdaq slid 5.8% for the week, its worst performance since January 2022. In addition to macro pressures, the calendar is doing crypto no favors. According to CoinGlass, September is historically a difficult trading ... (full story)