A plummeting cryptocurrency market has hit blockchain-adjacent enterprises hard, with Coinbase Global Inc (NASDAQ:COIN) being one of the more prominent victims. Because the company's success is directly tied to the health of cryptos, it wasn't surprising that COIN stock plunged. However, the bigger issue is the Federal Reserve, which is pensive about its monetary policy. Despite the turmoil that this matter has caused, there may be reason for optimism.
Granted, it's been a rotten week for the equities sector. In the trailing five sessions, the S&P 500 is down 2%, while the tech-centric Nasdaq Composite slipped about 2.5% during the same period. Even mighty Nvidia Corp (NASDAQ:NVDA), which delivered another blockbuster quarterly performance and raised outlook, could not lift Wall Street.
