Cryptocurrency markets experienced a significant downturn on November 14, 2025, with Bitcoin's price falling below the critical $100,000 threshold to its lowest level since May. The sell-off triggered over $1 billion in liquidations, with traders citing a broader risk-off sentiment in financial markets and diminished expectations for a Federal Reserve rate cut as key drivers for the crash. In response to the market-wide slump, Coinbase (COIN) shares dropped significantly, trading well below their 50-day moving average. The decline reflects the company's high sensitivity to the volatility of the digital asset market. The event underscores how major cryptocurrency price movements remain a primary factor influencing Coinbase's stock performance, overriding other company-specific news.