WS #16688
Coinbase has been downgraded to 'Sell' by Morgan Stanley, with the price target slashed by 53% due to weak crypto trading activity and doubts about an earnings recovery. This downgrade reflects a broader institutional caution toward digital assets, as evidenced by shifting sentiment in prediction markets and a general risk-off environment. The move pressures the entire crypto exchange and blockchain infrastructure sector, reinforcing the view that digital assets are currently vulnerable to macroeconomic headwinds and regulatory scrutiny.
Crypto and Digital Asset Selloff
Coinbase has been downgraded to 'Sell' by Morgan Stanley, with the price target slashed by 53% due to weak crypto trading activity and doubts about an earnings recovery. This downgrade reflects a broader institutional caution toward digital assets, as evidenced by shifting sentiment in prediction markets and a general risk-off environment. The move pressures the entire crypto exchange and blockchain infrastructure sector, reinforcing the view that digital assets are currently vulnerable to macroeconomic headwinds and regulatory scrutiny.