Coinbase shares are anticipated to open lower due to a sharp cryptocurrency market sell-off on January 19, spurred by geopolitical tensions following President Trump's threat of tariffs on European nations.
- Bitcoin dropped roughly 3%, trading toward $92,500.
- The severe market volatility triggered a massive $800 million liquidation cascade in leveraged positions.
- The negative sentiment was compounded by a 0.7% decline in S&P 500 futures.