Crypto market slump continues
The negative dynamics in the cryptocurrency market continues. Shares of leading industry players, including the Coinbase crypto exchange, have been falling for more than a week amid waning investor interest in this asset class.
According to CoinDesk, Coinbase, which is a kind of barometer for the state of the cryptocurrency market, has fallen in price for 8 trading sessions in a row, reaching lows not seen since May 2026. The reason was a sharp decline in trading volumes of bitcoin and other cryptocurrencies in the spot market.
For example, bitcoin in recent trading fell below the psychologically important $84,000 mark for the first time since the beginning of the year. The dynamics of other cryptocurrencies were also predominantly negative.
Analysts attribute the decline in investor interest in cryptocurrencies to the general cooling of the markets amid fears of a recession in the world's leading economies. Investors have shown less appetite for risky assets, which cryptocurrencies have traditionally been part of.
In these conditions, shares of companies related to the cryptocurrency industry are also demonstrating negative dynamics. However, some issuers who have bet on the development of artificial intelligence continue to outperform the market.