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The S&P/ASX 200 Index (ASX: XJO) is sinking lower over this Wednesday’s trading session thus far today, giving investors a mid-week slump. At the time of writing, the ASX 200 has dropped by 0.35% to just around the 6,600 points mark.

But let’s not allow that to get us down. So instead of dwelling on the market’s falls, let’s check out the ASX 200 shares that are currently topping the share market’s trading volume charts today, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Scentre Group (ASX: SCG)

ASX 200 real estate investment trust (REIT) Scentre Group is first up this Wednesday. A sizeable 12.52 million Scentre shares have changed hands as it currently stands. We haven’t had any news out of Scentre either.

But the Westfield operator seems to be having the opposite problem to our next share. In defiance of the broader market, Scentre shares have lifted by a pleasing 3.05% to $2.70 a unit at the time of writing. It’s likely this lift that is behind Scentre’s elevated trading volume.

Pilbara Minerals Ltd (ASX: PLS)

Our next ASX 200 share today is lithium producer Pilbara Minerals. This ASX lithium stock has had a notable 12.64 million shares swap owners on the share market this Wednesday thus far. There’s been no news out of the company today.

However, that has not stopped the Pilbara share price from taking a nasty tumble. The company is currently down by a nasty 4.2% at $2.16 a share. It’s this fall that is probably responsible for the volumes we are seeing.

South32 Ltd (ASX: S32)

Our third, final, and most traded ASX 200 share today is diversified mining company South32. South32 has had a hefty 22.96 million of its shares bought and sold on the share market. This has almost certainly been caused by the collapse in the South32 share price that we’ve seen this Wednesday.

South32 shares are presently down by a nasty 7.66% at $3.56 each. As my Fool colleague James covered this morning, this seems to be the result of a pullback in global commodity prices we’ve seen over the past 24 hours or so.

The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.

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More reading

• ASX lithium stocks avoid share price shock amid commodities lashing
• The Coles share price beat the ASX 200 by over 10% in June
• What’s in store for the Woodside Energy share price in July?
• ASX 200 midday update: BHP and Fortescue sink, EML and ZIP jump
• South32 share price heads 8% south on high volumes, but why?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The ResMed Inc (ASX: RMD) share price is having a strong day on Wednesday.

In afternoon trade, the sleep treatment company’s shares are up a decent 3% to $32.52.

This latest gain means that the ResMed share price is now up an impressive 13% since this time last month.

Can the ResMed share price keep rising from here?

The good news for investors is that one leading broker doesn’t believe the company’s shares have peaked just yet. In fact, its analysts continue to see ResMed as one of the best options for investors in July.

According to a note out Morgans, its analysts have kept the company’s shares on their best ideas list with an add rating and $37.95 price target.

Based on the current ResMed share price, this implies potential upside of almost 17% for investors over the next 12 months.

Why is the broker bullish?

Morgans is bullish on ResMed due to its belief that the company is well-placed for long term growth thanks to its patient-centric connected-care digital platform.

And while it acknowledges that the near term could be a touch volatile, it thinks investors should look beyond this and focus more on the long term opportunity.

The broker commented:

While we believe the next few quarters will likely be volatile, as Covid-related demand for ventilators continues to slow and core sleep apnoea volumes gradually lift, nothing changes our medium/longer term view that the company remains well-placed as it builds a unique, patient-centric, connected-care digital platform that addresses the main pinch points across the healthcare value chain.

All in all, this could make ResMed shares worth considering if you’re on the lookout for options in the healthcare sector right now.

The post Why this broker is tipping the ResMed share price to rise 17% appeared first on The Motley Fool Australia.

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More reading

• Pricing power: 2 ASX shares that can fight stagflation
• Best ASX shares to buy in July 2022
• 2 ASX 200 shares with enough pricing power to battle inflation: Expert
• Broker rates these 2 top ASX 200 shares as buys in July
• Why Goldman Sachs sees 13% upside for the ResMed share price

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Australian markets have remained relatively unmoved on Wednesday following the Reserve Bank (RBA)’s 50 basis point hike to the cash rate yesterday.

The All Ordinaries Index (ASX: XAO) is down 0.34% on the day so far. Earlier in the session, it was in the green.

However, these two ASX All Ords shares have outstripped the pack today and are posting tidy gains.

Whispir Ltd (ASX: WSP)

The Whispir share price is pushing 17.89% higher today on no news. Shares in the communication technology company have been punished in 2022, posting a loss of 48% in that time.

What could be behind the rise in this tech share today is a fall in long-dated government bond yields.

Valuations of tech shares are closely related to movements in bond yields. The mathematical relationship roughly dictates that as bond yields fall, the valuations on risk assets such as tech shares begin rising, and vice-versa.

Indeed, the relationship is especially sensitive in technology shares. In fact, this has largely explained the large drawdown in the ASX tech basket in 2022. As yields have spiked, this has compressed tech share prices.

However, yields on long-dated government bonds have been in a consolidation phase since 14 June.

The current yield on the 10-year Australian note is 3.4%, dropping from a high of more than 4% last month.

Given the relationship described above, the pullback seems to be a bullish sign for tech shares like Whispir.

Certainly, investors are bidding up the stock today on a daily volume of 96% of the company’s four-week average trading volume. The Whispir share price is now $1.12 apiece.

Eroad Ltd (ASX: ERD)

Investors drove the Eroad share price to a gain of 18.15% at the time of writing despite no market sensitive updates from the company.

However, similar to Whispir, this All Ords tech share has climbed along with the pullback in government bond yields.

Prior to today’s gain, the company’s share price had stamped its 52-week lows last week, closing at $1.26 on 30 June. This followed a sustained downward run across the 12-month period.

Unprofitable tech shares like Eroad endured a significant down-rating from investors in 2022. However, if the trend in bond yields continues, it could spell further upside for the sector.

In the last 12 months, Eroad has lost more than 71%, now trading at $1.66 per share.

The post Guess which ASX All Ords shares are serving up 15% gains today appeared first on The Motley Fool Australia.

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More reading

• Why Beach, BHP, Bubs, and Galileo Mining shares are sinking
• Why is the Tyro Payments share price blasting 10% higher?
• Why Domino’s, EML, Talga, and Woolworths shares are pushing higher
• Here’s a look at the Westpac share price’s dismal 2022 financial year
• Beating the benchmark: Why this broker is betting on the CSL share price for outperformance

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Whispir Ltd. The Motley Fool Australia has recommended Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) has taken a tumble on Wednesday. In afternoon trade, the benchmark index is down 0.4% to 6,603.1 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are sinking:

Beach Energy Ltd (ASX: BPT)

The Beach share price is down over 7% to $1.62. Investors have been selling energy shares after oil prices crashed during overnight trade. According to Bloomberg, the WTI crude oil price fell more than 10% before closing the session 8.2% lower at US$99.50 per barrel. Brent crude oil ended the session 9.45% lower at US$102.77 a barrel. Recession fears are weighing on prices.

BHP Group Ltd (ASX: BHP)

The BHP share price is down over 5% to $37.83. The Big Australian and other mining shares are falling heavily today after recession concerns put pressure on commodity prices. This has led to the S&P/ASX 200 Resources index trading a sizeable 5.4% lower at the time of writing.

Bubs Australia Ltd (ASX: BUB)

The Bubs share price is down 5% to 60.5 cents. The catalyst for this was the completion of the junior infant formula company’s institutional placement and entitlement offer. Bubs has raised a total of $40.1 million at a sizeable 18.8% discount of 52 cents per new share. The company will now aim to raise $22.9 million from retail shareholders. These funds will be used to support its growth plans.

Galileo Mining Ltd (ASX: GAL)

The Galileo Mining share price is down over 3% to $1.28. This morning the palladium and nickel explorer announced that it has received firm commitments from sophisticated and institutional investors for a $20.4 million placement. These funds are being raised a $1.20 per new share, which represents a 10% discount to its last close price. The proceeds will be used to support accelerated diamond and RC drill programs at the Callisto palladium-nickel discovery.

The post Why Beach, BHP, Bubs, and Galileo Mining shares are sinking appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy today
• How is the oil price plunge impacting ASX 200 oil shares today?
• ASX lithium stocks avoid share price shock amid commodities lashing
• ASX 200 midday update: BHP and Fortescue sink, EML and ZIP jump
• Why is the Bubs share price crashing 15% today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BUBS AUST FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Tyro Payments Ltd (ASX: TYR) share price is taking off on Wednesday, and it’s not alone in its gains.

The All Ordinaries Index (ASX: XAO) financial technology share is joined in the green by many of its tech-focused peers as the sector outperforms.

At the time of writing, the Tyro Payments share price is 70 cents, 10.24% higher than its previous close.

For context, the broader market is struggling today. The S&P/ASX 200 Index (ASX: XJO) is down 0.35% while the All Ords has slipped 0.31%.

Let’s take a closer look at what’s going on with the ASX tech sector today.

Tyro Payments share price lifts on Wednesday

The Tyro Payments share price is launching higher alongside its home sector. The S&P/ASX All Technology Index (ASX: XTX) is up 3.46% right now while the S&P/ASX 200 Information Technology Index (ASX: XIJ) has lifted 3.36%

Tech stocks’ strong performance comes amid falling bond yields and rising interest rates.

The Reserve Bank of Australia lifted the nation’s cash rate 50 basis points to 1.35% in its July meeting yesterday. But that hasn’t seemingly dinted ASX tech shares.

Any potential rate-related shock seems to have been absorbed as US Treasury note 10-year yields slipped to 2.8% overnight.

As my Fool colleague Zach reported earlier today, government bond yields and the valuation of risk assets (such as shares) move in opposites.  

Thus, the shift in bond yields may have bolstered ASX tech shares like Tyro Payments.

But today’s gain hasn’t been enough to boost the stock back into the long-term green. The Tyro Payments share price has tumbled 76% year to date and 81% over the last 12 months.

The post Why is the Tyro Payments share price blasting 10% higher? appeared first on The Motley Fool Australia.

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More reading

• Why BWX, Sayona Mining, Tyro, and Woodside shares are sinking
• Why Carsales, EOS, Imugene, and Tyro shares are sinking today
• These 3 ASX All Ordinaries shares are hitting new 52-week lows today
• Tyro share price sinks 20% to new record low, what’s going on?
• 2 ASX shares rated as strong buys by several brokers

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Tyro Payments. The Motley Fool Australia has recommended Tyro Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decline amid weakness in the resources sector. At the time of writing, the benchmark index is down 0.4% to 6,601.9 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The Domino’s share price is up 6% to $74.60. This may have been driven by a positive reaction from brokers and investors to the pizza chain operator’s decision to add a service fee to its deliveries. This fee is expected to help offset cost inflation and support profit margins.

EML Payments Ltd (ASX: EML)

The EML share price is up 11% to $1.43. Investors have been buying this payments company’s shares following a rebound in the tech sector and the release of a positive announcement. The latter reveals that EML has signed an agreement with Spain’s national post office network, Correos. EML will support the issuing of a government contract known as the Bono Cultural Joven 2022 (Youth Cultural Bonus) tender.

Talga Group Ltd (ASX: TLG)

The Talga share price is up 3% to $1.13. This morning this graphite developer revealed that the first drilling of the 2km long Niska Link target has intersected wide and high grade graphite zones at its 100% owned Vittangi graphite project in northern Sweden.

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price is up 3% to $36.96. This appears to have been driven by a broker note out of UBS this morning. According to the note, the broker has upgraded this retail giant’s shares to a neutral rating from sell and increased their price target on them to $37.00. Food inflation and demand for private label goods are expected to benefit Woolworths’ supermarkets.

The post Why Domino’s, EML, Talga, and Woolworths shares are pushing higher appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy today
• These 3 ASX 200 tech shares are on fire today
• EML share price leaps 16% on Spanish government stimulus contract
• ASX 200 midday update: BHP and Fortescue sink, EML and ZIP jump
• Why experts rate these top ASX dividend shares as buys

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended EML Payments. The Motley Fool Australia has positions in and has recommended EML Payments. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It may not feel like your traditional end of year right now, but we’ve just seen the end of FY2022 and the turn of the new 2023 financial year. FY2022 was not kind to ASX shares and the S&P/ASX 200 Index (ASX: XJO), no way around it. Between 1 July 2021 and 30 June 2022, the ASX 200 lost a nasty 10.19% of its value. But what of the Westpac Banking Corp (ASX: WBC) share price?

As an ASX 200 big four bank, Westpac is a major player on the ASX share market. In fact, Westpac is currently the fifth-largest share in the ASX 200 index. So it tends to have a significant influence on the entire market.

How did the Westpac share price go over FY2022?

Westpac shares started FY2022 at $25.81 each. Last Thursday, the ASX bank closed at just $19.50. That means Westpac lost 24.45% from its share price over FY2022. Not exactly an inspiring performance, one could argue. Especially considering how badly the bank underperformed the ASX 200 as well. Most of these losses occurred last month, which saw Westpac shares lose 18% of their value over June alone.

It’s not as though Westpac was just mirroring the ASX banking sector either. FY2022 wasn’t a good year for ASX 200 banks overall. But consider the Commonwealth Bank of Australia (ASX: CBA) share price. CBA shares did fall over FY2022. But only by 9.5%, which makes Westpac’s 24.45% drop look even more painful.

The only other big four bank that came close to Westpac’s dismal performance was Australia and New Zealand Banking Group Ltd (ASX: ANZ). It fell 21.85% over the financial year just gone. National Australia Bank Ltd (ASX: NAB) defied the trend of its ASX 200 banking peers. It actually rose by 4.46% over FY2022.

But back to Westpac. As is the case with all ASX banking shares, Westpac did fork out some hefty dividends over FY2022 that would have helped ease the pain of the 24.45% drop.

The bank paid out a total of $1.21 in fully-franked dividends per share over FY2022. That gives Westpac shares a trailing yield of 6.08% on current pricing. So that knocks around 6% off of the share price’s losses over the financial year.

Is Westpac a buy today?

So, what’s next for Westpac in FY2023? Well, as we covered earlier this week, broker Citi is expecting big things. This ASX broker has given Westpac shares a 12-month share price target of $29. That would result in a potential upside of more than 45% from where the bank is currently. But we shall have to wait and see if Citi is on the money there.

In the meantime, the current Westpac share price gives this ASX 200 bank a market capitalisation of $69.7 billion.

The post Here’s a look at the Westpac share price’s dismal 2022 financial year appeared first on The Motley Fool Australia.

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More reading

• What’s going on with ASX 200 bank shares on Tuesday?
• How did the Vanguard Australian Shares Index ETF perform in June?
• Why ASX 200 value shares are surviving the sell-off better than growth shares
• Why did the Westpac share price crash 18% in June?
• June was a terrible month for ASX 200 bank shares. Here’s why

Motley Fool contributor Sebastian Bowen has positions in National Australia Bank Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The CSL Limited (ASX: CSL) share price has jumped ahead in the past month, but some analysts are tipping it to go higher.

CSL shares have climbed more than 5% since 6 June this year and are currently trading at $284.94. In today’s trade, the CSL share price is leaping more than 2%. For perspective, the S&P/ASX 200 Index (ASX: XJO) has descended more than 8% in the same time frame.

So why are some analysts predicting that CSL could rise?

CSL tipped to outperform

CSL is an ASX healthcare share with two major revenue streams- plasma products and vaccines. The blood plasma division is responsible for about 70% of the revenue, while the flu vaccine contributes about 26%.

In a recent note, analysts at Macquarie have placed a $312 price target on the CSL share price and maintained an outperform rating.

This price target is nearly 9.5% more than the CSL share price at the time of writing.

Macquarie has tipped the CSL share price to rise due to foot traffic at plasma collection centres jumping in the United States in June.

Due to this data, the broker believes plasma collections could be at levels seen prior to COVID.

Meanwhile, investment management partner Cameron Harrison is also predicting the CSL share price could reach levels beyond $300.

Clark said demand for the company’s plasma products is “very strong” due to supplies falling during COVID-19 lockdowns, as my Foolish colleague Tristan reported.

Finally, Citi analysts have also recently tipped the company’s share price to increase with a $330 price target. In late June, Citi said:

Underlying demand for plasma products remains strong but supply is constrained due to low plasma collection volume.

Share price snapshot

The CSL share price leapt nearly 3% in the past year. In the year to date, it has descended about 2%.

For perspective, the benchmark ASX 200 has lost close to 9% in the past year.

CSL has a mammoth market capitalisation of about $137 billion based on today’s share price.

The post Beating the benchmark: Why this broker is betting on the CSL share price for outperformance appeared first on The Motley Fool Australia.

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More reading

• Here’s what happened to the CSL share price in June
• How did the Vanguard Australian Shares Index ETF perform in June?
• Leading brokers name 3 ASX shares to buy today
• Here’s how ASX 200 healthcare shares performed in June
• Why a CSL share price above $300 is on the cards: expert

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Most ASX hydrogen shares suffered through June, with some tumbling more than 35% over the month.

Here’s how some of the market’s favourite ASX hydrogen-focused shares performed last month:

• Fortescue Metals Group Limited (ASX: FMG) – down 12.8%
• Hazer Group Ltd (ASX: HZR) – down 3.8%
• Pure Hydrogen Corporation (ASX: PH2) – down 37.14%
• Sparc Technologies Ltd (ASX: SPN) – down 31.18%
• APA Group (ASX: APA) – down 0.97%

For context, the S&P/ASX 200 Index (ASX: XJO) fell 8.9% last month while the All Ordinaries Index (ASX: XAO) slumped 9.5%.

So, what news did these ASX hydrogen shares announce in June? Read on to find out.

The latest news from ASX hydrogen shares

Some of the market’s favourite hydrogen shares had a poor month’s trade in June despite plenty of exciting news.

Pure Hydrogen, for example, was among the worst-performing ASX hydrogen shares in June. That’s despite the successful initial public offering (IPO) of Botala Energy – which is around 20% owned by Pure Hydrogen – and a favourable tribunal finding.

However, the Pure Hydrogen share price was put in the freezer late last month. It will remain frozen while the ASX makes inquiries into a presentation released by the company.

Meanwhile, ASX 200 giant Fortescue’s green energy leg Fortescue Future Industries (FFI), alongside some notable German companies, released a set of recommendations to the European nation’s government and industry. The Green Hydrogen Taskforce’s recommendations outline a roadmap for Germany to import large amounts of green hydrogen from Australia.

Speaking of FFI, there was also big news from its joint venture partner Sparc last month. The company announced progress that will ensure the commercialisation of its graphene additive coating products.

Finally, ASX hydrogen share Hazer completed construction and commissioning at its commercial demonstration plant and introduced a new CEO. While APA announced it will build a major hydrogen-blend-ready gas pipeline.

Sadly, none of that was enough to save these ASX hydrogen shares, and they all ended June in the red.

The post ASX hydrogen shares announced some big news last month, so why did so many end June in the red? appeared first on The Motley Fool Australia.

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More reading

• ASX lithium stocks avoid share price shock amid commodities lashing
• ASX 200 midday update: BHP and Fortescue sink, EML and ZIP jump
• Why is the Fortescue share price slipping 5% today?
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended APA Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Shares of the large crypto exchange Coinbase (NASDAQ: COIN) plummeted more than 81% in the first six months of 2022, according to data provided by S&P Global Market Intelligence. The main reasons for the huge decline are falling cryptocurrency prices and less crypto-trading activity.

So what

Being the largest U.S. crypto exchange, Coinbase makes the bulk of its revenue from commissions on retail trades, so naturally, the stock has a good amount of correlation to the price and movement of large cryptocurrencies like Bitcoin (CRYPTO: BTC).

The price of Bitcoin fell roughly 58% in the first half of the year as inflation set in and the Federal Reserve rapidly raised its benchmark overnight lending rate, the federal funds rate. This usually does not bode well for riskier assets because it makes safer assets yield more.

In the first quarter of this year, Coinbase reported $1.16 billion of revenue, down from nearly $2.5 billion in the fourth quarter of 2021 and nearly $1.6 billion in the first quarter of 2021. The main culprit was the decline in retail-transaction revenue.

But the fall in the price of Bitcoin and other cryptocurrencies has not been the only issue. Coinbase has also seen the fee it charges on retail trades cut significantly as more competition piles into the space. Coinbase currently charges 1% on all crypto transactions, according to its website. That number used to be as high as 4%.

Not too long ago, some of Coinbase’s competitors eliminated fees altogether on certain crypto trades, making investors fear that fees at Coinbase could drop further.

What now

While Coinbase has suffered as the crypto winter has set in, there’s no doubt that the company will need to figure out how to diversify revenue with fees facing further compression.

Coinbase is clearly aware of the situation and has made efforts to do this, including launching a subscription service and offering users more ways to use the platform other than just trading.

CEO Brian Armstrong noted on the company’s last earnings call that 54% of active users are on Coinbase for something other than just trading, including interacting with merchants, yield farming, and interacting with decentralized applications.

Although Coinbase could face more pressure near term, with its size and brand power, I do think it will continue to find ways to stay relevant so long as cryptocurrencies stay relevant.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Here’s why Coinbase stock fell 81% in the first half of 2022 appeared first on The Motley Fool Australia.

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Bram Berkowitz has positions in Bitcoin. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin and Coinbase Global, Inc. The Motley Fool Australia owns and has recommended Bitcoin. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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