COIN is trading at $167.86 (-3.96%) amid a broader crypto selloff and escalating geopolitical tensions involving Iran and the U.S.
- Major digital assets are sliding in tandem, with BTC down 2.39% to $68,103, ETH dropping 3.27% to $2,076, and SOL falling 3.94%.
- Broader market indices are also under pressure, with the S&P 500 down 0.84% and the Nasdaq down 1.14% as investors react to the Strait of Hormuz blockade and Trump's strike deadline.
- Positive news regarding Fannie Mae using Coinbase for crypto collateral is currently being overshadowed by the prevailing risk-off sentiment.