Bitcoin's price was around $38,000 Friday morning, clawing back from a plunge triggered by Russia's invasion of Ukraine.
was around $38,000 Friday morning, clawing back from a plunge triggered by Russia's invasion of Ukraine.GET FOX BUSINESS ON THE GO BY CLICKING HEREHeading into Friday, Bitcoin traded higher in two of the past three days, but remains off fractionally for the month and down more than 17% year-to-date.
Shares of Coinbase Global fell more than 3% in after-hours trading Thursday after the cryptocurrency exchange warned that growth would slow in the current quarter. Coinbase reported trading volumes jumped more than 67% to $547 billion in the quarter, with retail trading accounting for 32% of volumes and crypto assets contributing 68% to total trading, according to Reuters."The sequential increase in retail Trading Volume was driven primarily by higher levels of volatility as well as strong consumer interest in a wider variety of crypto assets," according to a company statement.
Coinbase said it believes that retail monthly transacting users and total trading volume will both be lower in the current quarter when compared to a year ago.
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