Bitcoin-Related Equities Slump Again as Cryptocurrency Pain Continues
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
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Goldman Sachs Reiterates Buy Rating on Coinbase Global Inc. (COIN), Remains 'blue chip way to gain exposure to the continued development of the crypto ecosystem'
January 26, 2022 3:54 AM ESTGoldman Sachs analyst Will Nance reiterated a Buy rating and $288.00 price target on Coinbase Global Inc. (NASDAQ: COIN).
The analyst comments "Shares of Coinbase are down ~45% since earnings alongside an ~44% drop in crypto market cap, which we believe has been impacted by the continued march higher in interest rate expectation and the selloff in longer duration, high growth related... More
Microstrategy (MSTR), Other Bitcoin Related Names Sink as Crypto Plunges
January 21, 2022 8:29 AM ESTMicrostrategy (NASDAQ: MSTR) and other Bitcoin-related names were set to open sharply lower Friday after a plunge in cryptocurrencies. Bitcoin was lower by over 7% at $38,300 after hitting a low of $37,723 overnight. Ethereum was down 9.5%.
MSTR -7.15%Marathon Digital Holdings (NASDAQ:... More