$COIN has collapsed more than 90% from its record peak
Coinbase CEO Brian Armstrong’s persistent attempts to calm the market appear to have failed since COIN continues to plunge in line with the leading cryptocurrencies.
Bitcoin is down 76.82% from its record high, struggling to hold above the $16,000 level. Ethereum, the second-largest cryptocurrency, is down 77.33%. Despite the fact that the cryptocurrency industry is currently in the middle of its most severe crisis to date, Armstrong recently the Financial Times that he was “as bullish as ever” on crypto. At the same time, the billionaire called for more regulatory clarity. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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