Coinbase (COIN) stock price has dropped for seven straight days and it could get worse when it publishes its quarterly results on Thursday. The stock retreated to a low of $224.35 on Wednesday, down by over 17% from its highest point on July 23rd.
If all the major news agencies have their fingers on the pulse of monetary policy, it's coming – interest rate cuts, that is. According to The Wall Street Journal, Federal Reserve officials will meet soon to discuss a potential September reduction in the benchmark interest rate.
Republican presidential candidate Donald Trump recently announced plans to create a Bitcoin (BTC) strategic reserve, a potentially monumental factor in the financial markets. Trump stated that if elected, he would ensure the United States maintains all Bitcoin it currently holds or acquires in the future as a strategic asset.
A major consideration when choosing blockchain stocks is regulatory risk. Due to its young age, the blockchain industry does not yet have clear regulations.
Shares of Coinbase Global Inc. briefly rallied then turned lower Monday, as Donald Trump's pledge to create a national bitcoin reserve if elected president wasn't enough to sustain investor interest in the cryptocurrency exchange.
A fiery speech from firebrand presidential candidate Donald Trump at the Bitcoin 2024 conference in Kentucky over the week led to a strong rally in bitcoin's spot price this Monday. But his rousing pro-bitcoin speech, in which Trump rallied against the Democrats' “anti-crypto crusade” while promising to create a government-owned bitcoin stockpile upon election, also lifted Nasdaq-listed cryptoc...
Register for Free
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.