​Coinbase stock drops 30% last quarter, hits FTX collapse lows

Coinbase experienced a significant drop in its stock value, lowering around 30% in the first quarter of 2025.

It was a difficult first quarter for Coinbase actions. Jamming (Nasdaq: Coin) experienced a 31% decreasemarking his worst quarterly performance since the FTX collapse At the end of 2022. The wider market of cryptography did not succeed much, Bitcoin lowering more than 10% and the ether falling by 45%.

Several factors have contributed to this recent drop. Bitcoin (BTC), an important engine of the commercial volume of Coinbase, fell from its highest January 21 from $ 107,180.92 to a lower $ 87,000 on February 25.

This 20% decrease is attributed to economic uncertainty, including price and inflation problems. ​

The wider market of cryptocurrencies has also been affected. In March, the actions linked to the crypto, of which Coinbase experienced significant reductions following a 4% drop in Bitcoin prices to more than $ 83,700. Coinbase shares fell 7% during this period.

At the time of writing this document, Bitcoin is negotiated at $ 85,000.

Will it get worse for Coinbase?

Technical analysis indicates the potential Additional discus For the Coinbase stock. The graph shows a widening descending formation, the 50 -day mobile average approaching a death cross with the 200 -day mobile average.

Despite these challenges, some analysts think that the sale can be exaggerated. Mizuho Securities reduced The goal of Coinbase course from $ 280 to $ 217, which remains approximately 16% above the current negotiation price of $ 186.80.

HC Wainwright analysts raised Their price goal for Coinbase at $ 350 following a solid report on the profits of the fourth quarter, citing the business market gains and the prospects for upward management.