Coinbase Global, Inc (NASDAQ:COIN) was trading flat in the premarket after another bearish day on Monday, where the stock closed down 2.78% at $161.14, a fraction higher than the all-time low of $155.92.
The cryptocurrency trading platform is affected by the general market and the crypto sector, both of which have been struggling amid the Russian invasion of Ukraine. Investors are also eyeing the upcoming Federal Reserve meeting (March 16-17), where Fed chair Jerome Powell is expected to announce the central bank will raise interest rates to combat soaring inflation.
