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Crypto

Coinbase Stock Plummets Below Key Moving Averages Amid Intraday Weakness

Guavy AI Editorial Team
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Coinbase stock is experiencing intraday weakness, trading at $182.07 and down 3.81% on the day.

The price has fallen below its key moving averages, reflecting a short- and longer-term trend reversal.

The company has made recent upgrades to its Base Layer-2 network, including the Cobalt upgrade, which enables new transaction types and token tools.

The U.S. Securities and Exchange Commission has also published a regulatory proposal allowing registered investment advisers and funds to custody crypto assets with diverse providers.

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