Coinbase Global, Inc (NASDAQ:COIN) gapped up over 2% after rising over 4% intraday on Tuesday but immediately sold off, falling toward Tuesday’s low-of-day within the first 30 minutes of Wednesday's market open.
The cryptocurrency trading platform, which is affected by both the general markets and the crypto sector, has been beaten down heavily, plunging about 67% from its April 14, 2021 all-time high of $429.54 to Monday’s all-time low of $140.53.
