🔴 COIN is trading 4.66% down today on Senate bill targeting prediction markets and crypto weakness

COIN is trading at $191.28, down 4.66% as of mid-morning March 24, 2026, following a bipartisan Senate bill targeting prediction markets and broader crypto market softness.

• The legislative move restricts prediction markets on regulated platforms, directly impacting Coinbase partner Kalshi.
• Market pressure is compounded by Bitcoin and Ethereum declines of 0.80% and 0.86%, respectively, alongside recent platform disruptions on the BSC and Ethereum networks.
• Sentiment remains impacted by weak Q1 guidance projecting subscription revenue of $550–630 million, down from $727 million in Q4.