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Coinbase Posts Huge Loss As Crypto Meltdown Cuts Trading Volumes By Half

Coinbase reported a larger-than-expected quarterly loss as investors worried by this year's rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6 per cent after the bell on Tuesday.

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COIN Stock Down in Pre-Market Despite Coinbase Reporting Better Than Expected Q4 2021 Earnings

COIN Stock Down in Pre-Market Despite Coinbase Reporting Better Than Expected Q4 2021 Earnings
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Where next for Coinbase stock ahead of Q4 earnings

Coinbase is set to bounce back after suffering from lower activity in the cryptocurrency market in the third quarter, but will it be enough to revive the share price?

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Where next for the Coinbase share price ahead of its Q3 earnings

Coinbase’s earnings will reflect a drop in crypto trading activity in the third quarter, but has interest rebounded following a resurgence in crypto prices in recent weeks? We explain what to expect and consider how Coinbase shares could react.

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Tesla, Bitcoin, Colonial Pipeline, Boeing, Alibaba: 5 Things You Must Know

1. Stock Futures Signal a Further Wall Street Retreat Stock futures pointed to a drop for Wall Street on Thursday after a jump in U.S. consumer prices added to worries that higher inflation could hamper an economic recovery. Contracts linked to the Dow Jones Industrial Average fell 164 points, S&P 500 futures were down 13 points and Nasdaq futures declined 36 points. Stocks ended lower Wednesday for a third straight session after consumer inflation in the U.S. rose in April by the most since 2009. The Dow tumbled nearly 2%, the S&P 500 dropped 2.14% and the Nasdaq slumped 2.67%. The Dow suffered its worst day since January.

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