Why Bitcoin, Ethereum, and Coinbase Were Sinking Today

What happened

Cryptocurrencies and crypto-related stocks were under pressure again in Wednesday’s trading. Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) were down roughly 4.5% and 4.1%, respectively, over the previous 24-hour period as of 5:30 p.m. ET, and Coinbase Global (NASDAQ:COIN) saw its stock end the daily trading session down 5.2%.

Most top-50 cryptocurrencies are in the red over the last 24 hours of trading, and it looks like investors are…


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