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Cryptocurrency

Why is Coinbase’s reliance on crypto trading fees a concern?

Coinbase’s business model is significantly reliant on trading fees, which are generated when users buy, sell, or exchange cryptocurrencies on the platform. This reliance on volatile trading activity makes Coinbase vulnerable to the cyclical nature of the crypto market. During periods of market downturns, trading activity declines, and Coinbase’s revenue streams shrink. This reliance on […]

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Why did crypto bulls lose $217 million?

Crypto bulls lost $217 million in the past 24 hours as the price of bitcoin (BTC) dropped below $42,000. This was due to a number of factors, including: How did the ETF approval affect bitcoin prices? The approval of spot bitcoin (BTC) exchange-traded funds (ETFs) has had a mixed impact on bitcoin prices. On the […]