Why Cryptocurrencies Plunged This Week
Across the board, this has been a tough week for the crypto industry. A long-anticipated legal action from the Securities and Exchange Commission (SEC) against (NASDAQ: COIN) was even more sweeping than some expected, and the regulator's moves may bring down other big players like Binance (which was also targeted in an SEC lawsuit).
In response to the recent news, a host of high-profile tokens have dropped. From last Friday's close to noon today, Solana (CRYPTO: SOL) fell by 11.3%, Polygon (CRYPTO: MATIC) dropped 14.2%, BNB (CRYPTO: BNB) lost 14.7% of its value, and Cardano (CRYPTO: ADA) fell 16.3%. Those are just a few examples -- the full list of falling cryptocurrencies is much longer.
Image source: Getty Images.
Source Fool.com
Coinbase Global Inc. Stock
€207.45
5.020%
Currently there is a rather positive sentiment for Coinbase Global Inc. with 32 Buy predictions and 16 Sell predictions.
On the other hand, the target price of 173 € is below the current price of 207.45 € for Coinbase Global Inc., so the potential is actually -16.61%.
