ETH - Why Coinbase Ethereum and Solana Are Down on Friday
It looks like the cryptocurrency market will end this week on a sour note as the values of most major tokens were declining on Friday. The latest jobs report in the U.S. was better than expected, but that didn't do much to help crypto or the stock market. The broad market S&P 500 was down 1.9% in Friday morning trading, and the tech-heavy Nasdaq Composite was off 2.8%.
As of 11 a.m. ET, Coinbase Global (NASDAQ: COIN) was off by 10.4% after having been down by as much as 11.1% in early trading. Solana (CRYPTO: SOL) was down 7.4% to a price below $40, while Ethereum (CRYPTO: ETH) had dropped 3.1% to under $1,800.
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Why Coinbase, Ethereum, and Solana Are Down on Friday