Bank of America said it recommended investors buy Coinbase’s stock, pointing to its new products including weekday equities trading and prediction markets.
Bank of America upgrades Coinbase to ‘buy’ as exchange moves beyond crypto
Bank of America said it recommended investors buy Coinbase's stock, pointing to its new products including weekday equities trading and prediction markets.
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This year's average purchase price is around $97,880, leaving investors facing an almost 20% unrealized loss at current prices.
Bitcoin accounted for roughly $344 million in losses, followed by Ether at $201 million, and Solana (SOL) at $97 million.
The crypto market cap rose 13% in July with ether leading altcoins higher, stablecoins overtaking Visa and tokenized stocks surging 220%, Binance Research said.
Ether is the worst performer among the major cryptos, down more than 6% over the past 24 hours and tumbling below $3,000.