Coinbase Shares Dip Amid Market Weakness and Barclays Downgrade

Coinbase Global, Inc. (COIN) shares are trading lower on Friday, influenced by a combination of factors including a drop in Bitcoin prices, a lowered price target from Barclays, and broader market weakness following the August jobs report. While the company’s Chief Legal Officer remains optimistic about the potential for pro-cryptocurrency legislation, analysts’ forecasts offer a mixed outlook on the stock’s future performance.

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