Coinbase shares fell 6.48% to $160.24 as a proposed 15% global flat tariff sparked inflation fears and dragged Bitcoin below $65,000. The sell-off was accompanied by China Renaissance lowering its price target for the stock to $223.20.
- China Renaissance reduced its price target from $301.50 to $223.20, citing heightened market uncertainty and macroeconomic pressures.
- Despite current volatility, Coinbase Institutional projects sevenfold growth in stablecoin revenue by 2026.
- Analysts remain optimistic about the CLARITY Act, viewing regulatory progress as a vital catalyst for long-term institutional adoption.