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Block Inc. overtakes Coinbase in market capitalization as Barclays revises price target
Block, Inc., the company behind payment processor Square, music streaming service Tidal, and bitcoin funding iniative Spiral, among other subsidiaries, has surpassed Coinbase in market capitalization for the first time since March. Coinbase's stock declined this week amid falling prices across the crypto market, logging its worst week of the year so far. Coinbase passed Block Inc. in market capitalization for the first time this past March, according to The Block's data. Meanwhile, analysts from investment bank Barclays adjusted the firm's stance on Coinbase from Under Weight, meaning it's expected to underperform ... (full story)
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- Posted: Sep 8, 2024 8:36pm
- Submitted by:Category: Crypto Industry NewsComments: 0 / Views: 105
