Coinbase (COIN) Stock Plunges Amid Crypto Crash

Coinbase Global Inc (NASDAQ:COIN) stock fell sharply Monday, dragged down by a crypto-market crash and broader Wall Street anxiety. The general market is facing its worst weekly slump for tech stocks since April, with investors cautious ahead of new economic data and Nvidia’s highly anticipated earnings.

• COIN is taking a hit from negative sentiment. Follow the breaking news here.

What To Know: The primary driver for Coinbase’s decline Monday was a sector-wide decline for digital assets. Bitcoin (CRYPTO: BTC) crashed below the critical $92,000 level, hitting its lowest point in over six months. Ethereum (CRYPTO: ETH) also lost the $3,000 mark, leading a rout that included XRP (CRYPTO: XRP) and Dogecoin (CRYPTO: DOGE).

Monday’s crypto crash is …

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