The sharp correction in Bitcoin (BTCUSD) has impacted trading volumes in the cryptocurrency space. This negative is reflected in Coinbase (COIN) stock declining by 45% in the last 52 weeks.
However, it seems that the correction is overdone, and COIN stock is poised for a comeback. One of the key catalysts for positive price-action is CLARITY crypto market structure legislation. Coinbase CEO Brian Armstrong is optimistic that the act is likely to be passed in the “next few months.”
