Coinbase stock price declined nearly 10 percent during last week. The stock recovered 3.5 percent on Friday as cryptocurrency markets were showing some signs of stability.
In an unexpected turn of events, former U.S. President Donald Trump has reignited momentum in the cryptocurrency sector by announcing a strategic reserve of digital assets.
Coinbase Global Inc. (NASDAQ: COIN), a leading cryptocurrency exchange, has experienced notable fluctuations in its stock performance, reflecting the dynamic nature of the digital asset market.
Bitcoin, Ethereum and other cryptocurrencies recovered after suffering a sudden fall on Friday as news of $1.5 billion loss to cryptocurrency exchange ByBit spread online.
In one of the largest cryptocurrency exchange breaches in recent history, Bybit has reportedly lost approximately $1.5 billion in digital assets, primarily Ethereum (ETH), due to a sophisticated cy