Coinbase Shares Tumble With Bitcoin: What's Going On?
Coinbase Shares Tumble With Bitcoin: What's Going On?
Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher Friday as the prices of Bitcoin (CRYPTO: BTC) and other cryptocurrencies fall.
Coinbase Global，Inc. (纳斯达克:COIN)股价周五上涨，比特币（数字货币:BTC）等加密货币价格下跌。
The Details:
细节：
The price of Bitcoin has fallen nearly 12% over the past five days as investors digest the movement of a large amount of Bitcoin by defunct cryptocurrency exchange Mt. Gox from a cold wallet to a new wallet, possibly in preparation for payouts to its creditors.
在过去的五天中，比特币的价格下跌了近12％，因为投资者正在消化失效的加密货币交易所Mt. Gox将大量比特币从冷钱包转移到新钱包的移动，可能为向债权人支付做准备。
Cryptocurrency analyst Ali Martinez sounded a bearish alarm, with more potential downsides to follow for Bitcoin.
加密货币分析师Ali Martinez发出了看淡信号，比特币可能会有更多的下行风险。
"Bitcoin closing below $57,000 could spell trouble, with potential support only at $51,000," Martinez stated.
“比特币收盘下跌至57,000美元以下可能会带来麻烦，可能仅有的支撑位是51,000美元，”马丁内斯说。
At the time of publication, Bitcoin is down 3.51% over the past 24 hours at $55,430.82, according to data from Benzinga Pro.
根据Benzinga Pro的数据，在过去24小时内，比特币下跌了3.51％，报55,430.82美元。
Looking ahead to the upcoming Presidential election, Chris Senyek, Chief Investment Strategist at Wolfe Research, suggested that a Trump presidency could ease crypto regulations, benefiting companies like Coinbase.
展望即将到来的总统大选，渥尔夫研究公司首席投资策略师Chris Senyek表示，特朗普的总统任期可能会放宽加密货币监管，从而惠及像Coinbase这样的公司。
"Trump would be less hard on crypto regulation, and Coinbase would be a big beneficiary of that given their leverage to bitcoin," Senyek said during CNBC's "Last Call" on Tuesday.
“特朗普在加密货币监管方面不会那么严格，考虑到他们与比特币的杠杆，Coinbase将成为受益者之一，” Senyek在CNBC的“最后呼叫”中表示。
Will COIN Stock Go Up?
COIN股票会上涨吗？
When trying to assess whether or not Coinbase Global will trade higher from current levels, it's a good idea to take a look at analyst forecasts.
在尝试评估Coinbase Global的股票是否会从当前水平上涨时，了解分析师的预测是一个好主意。
Wall Street analysts have an average 12-month price target of $248.10 on Coinbase . The Street high target is currently at $325 and the Street low target is $110. Of all the analysts covering Coinbase, 10 have positive ratings, 6 have neutral ratings and 4 have negative ratings.
华尔街分析师对Coinbase的平均12个月目标价为248.10美元。目前最高目标价为325美元，最低目标价为110美元。在所有分析师中，有10个给予积极评价，6个给予中性评价，4个给予负面评价。
In the last month, 2 analysts have adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Coinbase have performed in recent history.
在过去一个月中，有2个分析师调整了价格目标。以下是近期价格目标变化的概述[分析师评级]。Benzinga还追踪华尔街最准确的分析师。请查看覆盖Coinbase的分析师近期表现。
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Coinbase is 185.75% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
股票走势不可能一直向上。平均股票市场回报率约为10％ /年。 Coinbase今年迄今为止上涨了185.75％。平均分析师的价格目标表明，该股可能还有进一步上涨空间。
For a broad overview of everything you need to know about Coinbase, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.
想了解关于Coinbase的所有内容，请点击这里。如果您想进一步了解，那么没有比Benzinga Pro更好的工具来帮助您。立即开始免费试用吧。
COIN Price Action: According to Benzinga Pro, Coinbase Global shares are down 4.64% at $214.50 at the time of publication Friday.
根据Benzinga Pro的数据，在本周五出版时，Coinbase Global股价下跌4.64％，报214.50美元。
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图片：shutterstock