Coinbase Stock Plummets 30% in Q1 2025 as Crypto Market Takes a Hit

Coinbase (NASDAQ: COIN) experienced a significant decline of 30% during the first quarter of 2025, marking its worst performance since the FTX collapse in 2022. This drop follows broader struggles within the cryptocurrency market, where major cryptocurrencies have also witnessed losses. Bitcoin, which plays a key role in Coinbase’s trading activity, has fallen by 20% from its January peak of $107,180 to $87,000 by late February. Inflation concerns and proposed tariffs are contributing factors to market uncertainty. As of today, Bitcoin’s price stands around $85,000. Ethereum (ETH) has experienced a 45% drop since the beginning of the year. Coinbase stock took a hit as Bitcoin’s price fell by 4% in March, reaching $83,700, ultimately triggering a 7% decline in Coinbase stock. 50-day moving average is nearing a