COIN is trading at $164.16 (-5.32%) as escalating Middle East tensions and a Goldman Sachs price target cut drive a broad crypto selloff.
- Bitcoin and Ethereum have both dropped 3.58% to $66,670 and $1,996, closely matching COIN's decline amid heightening risk-off sentiment.
- Geopolitical concerns, including a rejected ceasefire and Strait of Hormuz issues, are compounding yesterday's -4.26% slide.
- Shares are under additional pressure after Goldman Sachs lowered its price target to $235.