Coinbase's Bitcoin Sell-Off Sends Shockwaves Through Crypto Market

Coinbase has been criticized for its lackluster performance in recent months. Despite being one of the largest cryptocurrency exchanges, the company's stock price has not kept pace with the overall market.

The company's strategy is to sell its Bitcoin reserves, which some have seen as a sign that it is not committed to holding onto long-term assets. According to reports, Coinbase has sold around 49% of its total Bitcoin holdings since March last year.

Rumors have also been circulating about PayPal being put up for sale by its parent company, Thesan Capital. While there has been no official confirmation, the news has sent shockwaves through the financial and crypto communities.