These Altcoins Bleed Out as Bitcoin (BTC) Struggles at $84K (Weekend Watch)
Portfolio Pulse from
Bitcoin and altcoins experienced significant price declines this weekend. BTC fell from its weekly high of nearly $89,000 to below $84,000, erasing previous gains. Ethereum dropped beneath $1,900, while other major altcoins like XRP, BNB, SOL, and DOGE also saw notable losses. The total crypto market cap decreased by approximately $200 billion.
March 29, 2025 | 9:15 am
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Significant crypto market decline could negatively affect Coinbase's trading volumes and revenue, given the platform's dependence on cryptocurrency transaction fees.
As a major cryptocurrency exchange, Coinbase's revenue is directly tied to trading volumes and market sentiment. The current market decline suggests reduced trading activity and potential investor pullback.
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