Coinbase Global
stock was falling for a second day on Thursday. Some recent sell pressure likely came from funds taking profits after shares in the crypto broker roared higher in a recent rally in tandem with
Bitcoin
and other tokens.
While
Coinbase
stock has surged more than 50% in the past month as Bitcoin prices have advanced by almost 25%, shares in the broker have since weakened—dropping 4% on Wednesday and down a further 2.6% in Thursday premarket trading.
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