JPMorgan Downgrades Coinbase Stock as Challenges Loom for Crypto Market
JPMorgan's Crypto Market Outlook, Coinbase's Downgrade Global investment bank JPMorgan has downgraded Coinbase Global (Nasdaq: COIN) from Neutral to Underweight, citing a challenging future for the crypto market. With crypto prices already under pressure, JPMorgan warns of the potential for further deflation fueled by cryptocurrency ETF enthusiasm, resulting in lower crypto prices and trading volume. […]
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