Coinbase Global (COIN) closed down 0.66% at $209.43, extending its recent downtrend as the stock faced pressure from a broad decline across the cryptocurrency market.
- The decline occurred despite recent analyst optimism, including a $240 price target set by Robert W. Baird on the previous day.
- Major cryptocurrencies fell sharply, with BTC dropping 1.02% to $88,171.69 and ETH falling 1.95%, impacting exchange volumes.
- COIN continued to trade lower after hours, settling at $208.83.