Coinbase stock could tank 35% despite Bitcoin ETF approval – analyst says

2024 will likely be “a more challenging year” for Coinbase Global Inc (NASDAQ: COIN), says Kenneth Worthington – a JPMorgan analyst.Coinbase stock has downside to $80Copy link to sectionWorthington downgraded the crypto company this morning to “underweight” and said its shares could tank to $80 – which suggests more than a 35% downside from here.   BTC is now back under $40,000 even though the Securities & Exchange Commission of the United States approved some eleven applications for Spot Bitcoin ETFs on Ja ...