Coinbase went public on April 14, 2021, to much fanfare and hype. It was seen as crypto’s acceptance into the mainstream. That same day Bitcoin reached an all-time high of roughly $64,000.
It’s been a bloodbath ever since then for both crypto and Coinbase. Though Coinbase shares soared to as much as $429 on the very same say the crypto exchange did a direct listing of its shares, from that first day sugar high, COIN’s shares are down nearly 50%.
Bitcoin has also been cut in half over the past two months, briefly falling below $30,000 Tuesday morning. Ethereum is more than 50% off its highs from early May. Many other crypto assets have fallen even further with a number of tokens down 70% to 90% in value.
If you’re new to investing in the crypto space or just interested now that prices have fallen substantially, there are a number of lessons we can take away from the current crash.
do not invest you will lose every penny !!
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