Coinbase (COIN) Stock: Why Its Trending Today

  • The Coinbase Global, Inc. (NASDAQ: COIN) stock is trending today. This is why.

The Coinbase Global, Inc. (NASDAQ: COIN) stock is trending today as it fell over 2.5% during intraday trading today. Investors are responding in sympathy to the price of Bitcoin.

The price of the Bitcoin cryptocurrency fell back below $22,000 again. The price of cryptocurrencies appear to be affected by several days of volatility prior to the July 27 U.S. Federal Reserve decision on interest rates.

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