I'll admit, I was quite optimistic about where the crypto market was heading leading up to the Bitcoin ( BTC-USD ) halving earlier this year and in the months that followed. The stars seemed to be aligning.
Due to Bitcoin's ( BTC-USD ) popularity and dominance, when people hear the word “blockchain,” they automatically think of Bitcoin. However, other cryptocurrencies are out there, even blockchain stocks, which have diverse applications beyond digital currencies.
Coinbase's exchange business is slowing, but this segment continues to grow.
Disruptive innovation investor Cathie Wood has not shied away from buying beaten-down tech stocks on the dip in recent weeks. Her Ark line of funds has struggled to beat the rest of the market, especially the tech- and growth stock-focused Nasdaq 100.
Coinbase (COIN) is a strong contender for retention in one's portfolio given increasing market share, continued innovation and cost-control initiatives.
As the core mechanism behind the inner workings of cryptocurrencies, the blockchain represents one of the most revolutionary innovations. By creating a decentralized value accountability system, the blockchain addresses the double-spending problem associated with digital payments.
The U.S. presidential election is heating up. We're less than 100 days away from the big vote now.
There are many trends that the best blockchain stocks can take advantage of. Among the most important trends, one can note the expansion of Decentralized Finance (DeFi).
Former President Donald Trump has shifted from his previous criticism to a more favorable view of cryptocurrencies, recognizing their potential benefits.
For investors in a wide range of crypto stocks, today's session has brought a lot of pain and not enough relief. Shares of Coinbase (NASDAQ: COIN ), Marathon Digital (NASDAQ: MARA ), Riot Platforms (NASDAQ: RIOT ) and MicroStrategy (NASDAQ: MSTR ) are down between 1% and 8% in today's session, although these early afternoon declines have improved from the morning's initial plunge.
Crypto stocks are collapsing today amid the extended broad-market selloff , especially as Bitcoin (BTC) drops below $50,000 for the first time since February.
Coinbase Global (COIN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.