Coinbase Global's stock experienced a notable decline in November, falling 23% as of November 18th. This downturn is largely attributed to a broader sell-off in the cryptocurrency market, with Bitcoin's price dropping below $90,000 for the first time since April. The downward trend in digital asset prices has created headwinds for companies with significant exposure to the crypto market. The pressure on Coinbase's shares reflects investor reaction to the volatility in the crypto space. On November 17th alone, Coinbase shares dropped by approximately 7% as Bitcoin's price continued its losing streak. This performance is indicative of the strong correlation between the company's stock value and the price movements of major cryptocurrencies like Bitcoin.