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Benzinga
162 days

Bitcoin Drop Shakes Crypto Stocks As Coinbase, Robinhood, MARA, Riot Dip: Do Traders See A Bargain?

1. Bitcoin's drop below $80,000 negatively impacted Coinbase's stock price. 2. Coinbase shares fell over 10.5% amid a bearish trend. 3. The stock missed inclusion in the S&P 500, impacting institutional interest. 4. Overall market sentiment remains cautious, hinging on Bitcoin's stability. 5. Technical indicators show Coinbase is below key moving averages.

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FAQ

Why Bearish?

Coinbase's drop correlates with Bitcoin's slump; missed S&P 500 inclusion exacerbates bearish sentiment as seen historically when major indicators shift negatively.

How important is it?

The current bearish market is directly linked to Bitcoin's performance, impacting investor sentiment around COIN significantly.

Why Short Term?

Immediate trading patterns reflect Bitcoin's volatility, influencing COIN in the near term until market stabilizes.

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