![Coinbase (COIN) Falls After JPMorgan Downgrades Stock to Underweight on Disappointing Bitcoin ETF Catalyst Coinbase (COIN) Falls After JPMorgan Downgrades Stock to Underweight on Disappointing Bitcoin ETF Catalyst](https://digitallifegaming.com/wp-content/uploads/2024/01/LX2IMDA6WJA5HLDZSUSOAS76UM-768x402.jpg)
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JPMorgan notes that the bitcoin price is already under pressure, having slipped below $40,000, and it sees the potential for “cryptocurrency ETF enthusiasm to further deflate, driving with it lower token prices, lower trading volume, and lower ancillary revenue opportunities” for firms such as Coinbase.
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