Coinbase Stock Drops 30% in Q1 2025 Amid Crypto Slump
Coinbase (NASDAQ: COIN) saw a 31% decline in the first quarter of 2025, making it its worst quarter since the FTX collapse in 2022.
The drop reflects broader struggles in the crypto market, with major cryptocurrencies also facing losses.
Bitcoin, which drives a lot of Coinbase’s trading activity, has fallen 20% from its January high of $107,180 to $87,000 by late February. Inflation concerns and proposed tariffs have added to market uncertainty. Currently, the price of bitcoin is around $85,000.
The broader crypto market has struggled, with Ethereum (ETH) dropping 45% since the start of the year. In March, Bitcoin’s price dipped 4% to $83,700, triggering a 7% drop in Coinbase stock.
Coinbase’s stock chart shows a descending…
