This latest milestone in bitcoin’s price continues a dramatic fall for the leading cryptocurrency, which is down more than 50% from its record high early this year.
Coinbase went public through a direct listing on April 14, first trading at $381 per share and then spiking to nearly $430 before retreating.
However, doge caught a second wind later that month and rose to a smaller peak on June 2, the day before Coinbase began supporting trading of the coin on its platform.
This volatility hasn’t been particularly good for Coinbase’s share price, either.
It’s possible that over the longer term, Coinbase’s mainstreaming of crypto leads to greater adoption and higher highs for bitcoin, dogecoin and the rest.