Big news about Coinbase, a company that helps people buy and sell cryptocurrency! Bank of America, a really big bank, lowered its prediction of how much Coinbase's stock (like a share of the company) will be worth. This is because of some worries.
They think more companies might start doing the same thing as Coinbase, leading to lower prices for its services. Also, even though a big legal problem with the government is over, there are still some risks.
- Coinbase's stock price went down after the news.
- The crypto market is a bit shaky right now, with lots of selling.
- Bitcoin's price also dropped.
- Experts are worried about the future of Ethereum too.
| Thing | What happened |
|---|---|
| Coinbase Stock Price Target | Lowered to $311 |
| Coinbase Stock Price (after hours) | Dropped to $215.85 |
| Bitcoin Price | Dropped below $89,000 |
| 24-hour Crypto Liquidations | $1.49 billion |
