Cryptocurrencies seem to be having a comeback & $1 Billion Net Loss for Coinbase😮😮

Bitcoin has stabilized around $23,000 after dropping below $20,000 in June. The prices of other popular cryptos have also rebounded in the past couple of months, including Ethereum which has more than doubled since recent lows. However, not all crypto companies are out of the hot seat yet. Coinbase reported a loss for the second quarter this week with other crypto firms expected to follow suit as retail trading volume has dramatically declined. Some believe that although Bitcoin’s volatility has started to decrease, the dramatic rise could stall and that Bitcoin may trade in the current $20,000 range for a while, but one never knows what will happen next when it comes to crypto.