Cathie Wood Continues Buying Coinbase’s Dip With $5 Million Stock Purchase

Coinbase’s stock closed at $34.78 in New York Thursday, up roughly 7%. Shares in the exchange have been hit hard by the crypto bear market, falling 86% this year. COIN has underperformed both bitcoin and ether, with the world’s largest digital asset falling by 65% year-to-date and the eponymous token of the Ethereum ( $1,662.27 ) protocol falling by 66%.