Bitcoin (BTC) Price Slips Below $56K as Crypto Weakness Continues; Coinbase (COIN) Falls to 7-Month Lows

Crypto-focused
stocks
also
performed
poorly.
Crypto
exchange
giant
Coinbase
(COIN)
declined
1%,
briefly
slipping
below
$160
for
the
first
time
since
February,
taking
out
the
lows
hit
during
the
early
August
crash
due
to
the
Japanese
yen
carry
trade
unwind.
Large-cap
bitcoin
miners
Marathon
(MARA)
and
Riot
Platforms
(RIOT)
were
down
4%
and
2%,
respectively.