Crypto volatility continues to flummox Wall Street

Crypto volatility continues to flummox Wall Street

3 years ago
Anonymous $np3LcwuhSi

https://techcrunch.com/2021/11/10/crypto-volatility-continues-to-flummox-wall-street/

Crypto giveth, and crypto confuseth the heck out of Wall Street.

In the wake of Coinbase’s earnings report yesterday afternoon, shares of the U.S. crypto exchange are off sharply this morning. What happened? Public-market investors continued to underestimate how volatile the crypto market is, leaving them to over-index on gains and over-despair on less impressive results.