Coinbase Stock Plummets: Tariffs & Crypto Market Weakness Drive 50% Drop

Coinbase’s stock has suffered a dramatic decline, plummeting by 50% since its peak. This comes as the company faces pressure from falling crypto prices and increased market uncertainty fueled by former President Trump’s import tariffs. The S&P 500 experienced a steep drop last week, while Coinbase shares witnessed significant drops. Technical analysts suggest potential support for COIN at around $130 or even $100 if the bearish trend persists.