FTXWhile the effects of ‘s bankruptcy continue to be discussed Goldman Sachs Analysts say this event is the biggest in the US. bitcoin stock market coinbase evaluated its effects on
As you know coinbase stock market Nasdaqfirst listed in bitcoin is a stock exchange.
In a note sent to investors by analysts, it was stated that despite the recent bankruptcy events, Coinbase’s rating is protected, Coinbase’s balance sheet is extremely liquid, and its commercial activities are registered as it is listed on the Nasdaq.
on the note, coinbaseIt was stated that the share of revenues related to cryptocurrencies in its total revenues is 9%, therefore the risks related to cryptocurrencies are less.
in the note FTXThe market volatility caused by the coinbase It was stated that interest in regulated stock exchanges such as
After all these positive comments coinbaseAnalysts, maintaining their “sales rating” for , lowered their price targets from $49 to $41.
The price of COIN is $57 as of our news time.
COIN, which is correlated with Bitcoin, needs to drop 27% to hit analysts’ $41 price target. This expectation of Goldman Sachs analysts shows that they maintain the expectation of further declines in cryptocurrencies.
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