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Coinbase plunges 1.08% as cryptocurrency uncertainty and macro factors lead to trading volume drop to 26th in the U.S.

Source: CoinWorld
Coinbase shares fell 8.2% on Tuesday, ranking 26th in U.S. stocks due to regulatory uncertainty and changing sentiment in cryptocurrency markets. The U.S. Securities and Exchange Commission’s push to classify crypto assets as securities has sparked concerns among exchange operators that could impact long-term revenues for their trading and pledge services. A wider macroeconomic factor, including inflation trends, has also intensified investor caution.
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