Coinbase Global Inc is trading 4.2% down now at $174.95 as a sharp pullback in major cryptocurrencies weighs on crypto-exposed stocks.
- Bitcoin has dropped approximately 5.6% since the last close, with Ethereum, Solana, and XRP also declining between 3% and 5%.
- Market sentiment is under pressure following reports of heavy Bitcoin ETF outflows and significant wallet movements linked to the Mt. Gox estate, driving a slump across crypto-linked equities.