Here's Why Shares of Coinbase, Marathon Digital, and Riot Platforms All Fell in January
Shares of cryptocurrency companies Coinbase Global (NASDAQ: COIN), Marathon Digital (NASDAQ: MARA), and Riot Platforms (NASDAQ: RIOT) performed poorly during January as the cryptocurrency space took an unexpected breather. According to data provided by S&P Global Market Intelligence, these three stocks were down 26.3%, 24.5%, and 29.5%, respectively, during the month.
There are company-specific things that could be talked about regarding Coinbase, Marathon Digital, and Riot Platforms. However, looking at a stock chart of all three companies shows that the trio went up and went down as a group -- in other words, these three stocks were impacted by the same factors.
Source Fool.com
Coinbase Global Inc. Stock
€191.00
3.970%
Our community is currently high on Coinbase Global Inc. with 29 Buy predictions and 16 Sell predictions.
However, we have a potential of -17.8% for Coinbase Global Inc. as the target price of 157 € is below the current price of 191.0 €.
