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Coinbase value plunges below $10bn as crypto winter bites
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The punishing decline of Coinbase Global's stock brought the company's market value lower than $10bn on 21 November for the first time since the cryptocurrency exchange went public last year.
Coinbase shares declined 8.9% on 21 November, pulling the stock's market capitalisation down to about $9.36bn. That's a far cry from the peak market capitalisation of $76.9bn that Coinbase achieved on 9 November 2021, according to Dow Jones Market Data.
The 21...
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