Bitcoin's price has plummeted since Russia attacked Ukraine.
The price of Bitcoin was about $ 38,000 on Friday morning, which came back from the decline caused by Russia's attack of Ukraine.
The fall in the value of the cryptocurrency reached about $ 35,000 on Thursday morning. The bitcoin bounced back above $ 38,000 by afternoon.
Going into Friday, the bitcoin traded higher in two of the last three days, but is partially closed for the month and is down more than 17% year-over-year.
Shares of Coinbase Global fell more than 3% on Thursday after the cryptocurrency exchange warned of slowing growth in the current quarter.
Coinbase reported that trading volume rose more than 67% to $ 547 billion in the quarter, with retail trade accounting for 32% and corrupt assets accounting for 68% of total trade, according to Reuters.
According to a company report, "the slow increase in retail trade volume was mostly due to high levels of instability as well as strong consumer interest in a wide range of immoral assets."
Coinbase said it is confident that both retail monthly transactions and total trading volume will be lower in the current quarter than a year ago.
For the fourth quarter, Coinbase's net income was $ 840 million, or $ 3.32 per share, down 2.5 billion. According to FactSet, the valuation was $ 1.94 per share at $ 1.97 billion.
Comments
Post a Comment
Dear Visitor;
If you have any suggestion or complain about MsunTV blog then please do let us know.