Coinbase has worst week of the year as crypto stocks plummet

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Published Fri, Sep 6 20247:58 PM EDT

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MacKenzie Sigalos@KENZIESIGALOS

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Key Points

  • Bitcoin, ether and crypto-related stocks saw sharp selloffs this week over growing concerns about the health of the U.S. economy.
  • Coinbase had its worst week of the year, and bitcoin miner Marathon Digital tumbled 20%.
  • September is historically a difficult trading month for crypto assets.
SAN ANSELMO, CALIFORNIA - JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. (Photo Illustration by Justin Sullivan/Getty Images)

SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. (Photo Illustration by Justin Sullivan/Getty Images)

Justin Sullivan | Getty Images

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