Where Bitcoin goes, Coinbase’s stock follows. Shares of the most prominent crypto exchange in the U.S. plummeted by almost one-third over the past two weeks to a low of about $201 when markets opened on Friday.
The decline of Coinbase’s stock mirrors a nose dive in the price of Bitcoin. The world’s largest cryptocurrency dropped 17% to a low of about $79,000 over the same period. It’s since rebounded to almost $84,000.
