🔴 COIN is trading 5% down today on hot CPI data and crypto weakness

COIN is trading at $205.68 (-5.04%) as hot CPI data and geopolitical tensions weigh on both crypto and equity markets.

• Major cryptocurrencies are seeing a broad pullback, with BTC down 1.59%, ETH dropping 2.80%, and SOL sliding 3.34% since the last close.
• Broader market sentiment is bearish as the Nasdaq falls 1.55% following hotter-than-expected inflation data and rising oil prices driven by US-Iran tensions.