Coinbase Shares Drop Amid Cryptocurrency Pullback
- Stock Price Decline: Coinbase shares are down 7.22% to $166.70 due to a pullback in major cryptocurrencies, trading 26.3% below its 20-day simple moving average, indicating significant weakness in market sentiment.
- Earnings Outlook Deterioration: The upcoming earnings report is expected to show EPS dropping to $1.07 from $3.39 year-over-year, with revenue estimates falling from $2.27 billion to $1.86 billion, reflecting a pessimistic outlook on future growth.
- Technical Indicator Analysis: The current RSI stands at 21.04, indicating an oversold condition; however, the MACD remains below its signal line, suggesting continued bearish pressure on the stock, warranting caution from investors.
- Analyst Rating Adjustments: While the overall consensus remains a “Buy,” several analysts have lowered their price targets, with Piper Sandler reducing it to $270.00, indicating a cautious stance on Coinbase's future performance.
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- Shift in Income Payments: 39% of respondents reported receiving income in stablecoins, including salaries and freelance payments, which has enhanced their ability to conduct international business by 75%.
- Everyday Payment Adoption: 27% of stablecoin holders use them for daily transactions, holding an average of $200 in stablecoins, with 52% of crypto holders making purchases specifically because merchants accepted stablecoins, indicating their potential as everyday currency.
- Increased Demand for Acceptance: 77% of consumers expressed interest in opening stablecoin wallets with their primary fintech or banking providers, highlighting that the demand for stablecoins exceeds current spending opportunities, with 42% wanting to use them for major purchases.
- Regional Adoption Disparities: In emerging markets like South America, Asia, and Africa, 60% of crypto natives hold stablecoins, underscoring their importance as tools for stability and financial inclusion, driving mainstream adoption globally.
Regulatory Deadline: Crypto firms are facing a critical deadline for President Trump and Congress to approve legislation that will define industry regulations.
Impact on Trading Platforms: The outcome of this legislation could significantly affect trading platforms like Coinbase and influence token prices in the near future.
- Bailout Warning: Warren urged Treasury Secretary Bessent and Fed Chair Powell to confirm they will not use taxpayer money to bail out crypto billionaires, especially as Bitcoin trades down 50% from October highs, emphasizing that any government intervention would disproportionately benefit the wealthy.
- Market Turmoil: She noted that Strategy CEO Michael Saylor's firm has seen shares fall nearly 20% since the start of the year, reflecting the severe volatility in the crypto market, which Warren believes could exacerbate investor panic.
- Regulatory Appeal: Warren called on the Treasury and Fed to explicitly rule out direct purchases, guarantees, and liquidity facilities to prevent further declines in Bitcoin prices, arguing that such measures could transfer taxpayer wealth to crypto billionaires.
- Retail Investor Protection: Beyond the bailout warning, Warren also urged federal financial agencies to strengthen protections for retail crypto investors, highlighting that a record $17 billion was lost or stolen in crypto fraud in 2025, indicating significant risks for ordinary investors.
- Quantum Computing Risk Response: Coinbase CEO Brian Armstrong stated in a CNBC interview that the threat of quantum computing to blockchain encryption is a “solvable” issue, with the company already in regular contact with major blockchains to upgrade to post-quantum cryptography for future security.
- Advisory Board Formation: Last month, Coinbase established an advisory board to assess the implications of quantum computing and prepare for potential threats, with plans to publish research papers and respond in real-time to emerging threats, demonstrating the company's proactive approach to quantum technology.
- Market Reaction: Despite Armstrong's optimistic view on quantum threats, Coinbase's stock fell 1.19% during regular trading to $164.05, with a slight after-hours increase of 0.09%, indicating market caution regarding the risks associated with this technology.
- Investor Concerns: Noted investor Kevin O’Leary warned that fears surrounding quantum computing could deter institutional investors from increasing their exposure to Bitcoin, reflecting deep concerns in the market about the potential impact of quantum technology on cryptocurrency investments.
- Staking Asset Scale: Bitmine currently holds 3,040,483 ETH in staking, valued at $6.1 billion at $1,998 per ETH, showcasing the company's robust capabilities and confidence in crypto asset management.
- Investment and Growth: Bitmine recently completed a $200 million investment in Beast Industries, further strengthening its positioning in the crypto industry, which is expected to drive future revenue growth and market share expansion.
- Market Trading Performance: Bitmine's stock has an average daily trading volume of $900 million in the U.S. market, ranking 158th, indicating its popularity among investors and market activity, potentially attracting more institutional investor interest.
- Future Strategic Planning: The company plans to launch the MAVAN staking solution in 2026, aimed at providing a secure staking infrastructure, which is expected to further enhance Bitmine's leadership position in the ETH staking market and drive long-term growth.

Legislative Progress: Senator Bernie Moreno indicated that cryptocurrency and banking legislation could advance through Congress by April if negotiators reach an agreement, with a February-end deadline set by Washington.
Market Structure Bill: The White House is preparing for discussions on a market structure bill tied to the CLARITY Act, which aims to resolve disputes in the cryptocurrency sector.
Market Sentiment: The cryptocurrency market is experiencing uncertainty, with Bitcoin's price dipping and retail sentiment remaining bearish, while major cryptocurrencies like Ethereum have also seen declines.
Future Predictions: Analysts suggest that advancements in the CLARITY Act could boost cryptocurrency markets, but broader sentiment improvements are necessary for sustained price increases.










