Citing Crypto.News, Coinbase Global Inc. saw its stock price fall 7.06% on Monday, closing at $263.95 per share, with further declines in pre-market trading on Tuesday. The drop followed Bitcoin falling below $90,000 and broader market concerns over tariffs, inflation, and economic pressures under the Trump administration. Other major cryptocurrencies like Ethereum, Cardano, and Solana also declined. Despite reporting $1.9 billion in Q3 revenue, Coinbase recently scrapped a $2 billion acquisition of BVNK, a London-based stablecoin-focused startup.
Coinbase Stock Drops 7.06% Amid Broader Market Slump and Crypto Price Declines
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