Coinbase Is Confident It Will Ride Out The Crypto Storm

Outside of the Super Bowl, which many called “the Crypto Bowl” due to the record number of ads aired by crypto firms, the year has been marked by a succession of bad news for the emerging crypto industry.

The digital currency market has lost over $1 trillion in value since hitting an all-time high of over $3 trillion in November, according to data firm CoinGecko. Bitcoin and ethereum, the top two cryptocurrencies by market value, have crashed.

The price of bitcoin is down 42.1% from its high of $69,044.77 reached on November 10. It is now trading around $39,949 at the time of writing.

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