Cryptocurrencies
and stocks of companies related to the industry continued to fall on Tuesday
after the US securities regulator sued Coinbase, the largest cryptocurrency
exchange in the country, for allegedly violating multiple federal securities’ laws.
Coinbase (COIN)
stock, which counts Cathie Wood’s ARK Invest, The Vanguard Group, Fidelity, and
BlackRock, among some of its top shareholders, plunged as low as 20% in
pre-market trading on Tuesday before paring some of the losses, according TradingView.
Coinbase’s stock price movements in the past hours. Source: TradingView
Also affected were
altcoins
