Bitcoin Drives Coinbase and the Price Drop Lures Buyers
Reading Time: 4 minutes
Profit explosion above analyst expectations, but the market punishes Bitcoin rally supported by gold tariff plans and global inflows The latest quarterly results from Coinbase initially triggered a significant price drop – nearly 17% in just one day. This appeared to many observers as a warning signal. However, upon closer inspection, a more nuanced picture emerges: the profit side was strong, the operating business profitable, and the decline was more due to market psychology and macro factors than fundamental weakness. Revenue was...
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