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Published 2 years ago

Coinbase drops 11% after Goldman Sachs downgrades the crypto exchange on declining trading volumes amid bitcoin bear market

Summary by Ground News
Goldman Sachs downgrades Coinbase to "Sell" and sets a $45 price target. The bank said the sharp decline in bitcoin and other cryptocurrencies should depress trading volumes. The company announced an 18% reduction in its workforce earlier this month. More job cuts are likely, according to the note.

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