Coinbase stock drops after hours as bitcoin slides; Armstrong keeps crypto bill push alive in Davos
New York, January 20, 2026, 18:41 ET — After-hours
- Coinbase shares dropped 5.5% in after-hours trading, following a roughly 4.6% decline in bitcoin.
- CEO Brian Armstrong insists there remains a viable path forward for U.S. crypto legislation
- Bermuda’s push for an “onchain economy” and tokenized stocks is drawing increased regulatory scrutiny
Shares of Coinbase Global Inc (COIN.O) dropped 5.5% to $227.73 in after-hours trading Tuesday, following a 4.6% plunge in bitcoin to roughly $88,312, weighing on crypto-related stocks. Robinhood Markets (HOOD.O) slipped 2.7%, while Strategy (MSTR.O) plunged 7.8% in late deals.
The decline comes as investors wrestle with two shifting factors: the volatile crypto…
