In the last few Nasdaq sessions, Coinbase’s share price trend has not followed the trend of Bitcoin and the crypto markets.
Instead, since the beginning of the year, the two trends had often been similar, but in recent days the situation for Coinbase has worsened.
Coinbase stock and comparison with Bitcoin
Over the course of 2023, both Coinbase’s stock price and BTC’s price have gone through three periods of growth.
The first period, in January, the two trends were indeed very similar, but already during the second there was a significant difference.
Indeed, after mid-March, Bitcoin’s price had reached a new annual high that was 19% higher than it had been in early February, while Coinbase’s share price had only made its new annual high at +3% above the previous one.
What’s more, the descent in late February and early March had been larger for the BTC price, so the Coinbase stock was theoretically starting from an already higher point.
The bulk of the differenc
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