Coinbase has been downgraded to ‘sell’ as Bitcoin prices have plummeted more than 45% from their October highs, reflecting recent market volatility influenced by macroeconomic factors and investor sentiment. Standard Chartered has adjusted its year-end Bitcoin forecast to $100,000 and issued a warning that it might drop further to $50,000, while reducing Coinbase’s share price target by 68% to $120. Despite such downturns and increased caution among financial institutions due to regulatory uncertainties, interest in Bitcoin persistently remains among institutional investors who continue to explore integrated financial products and strategic allocations.
Coinbase shares downgraded after Bitcoin drops over 45% since October
