Coinbase fell 2 percent Tuesday to about $217 as Bitcoin prices tumbled, proving that it is not immune from the price volatility of other cryptocurrencies.
The price slide is directly attributed to poor performance by cryptocurrencies, especially Bitcoin after Tesla chief Elon Musk tweeted an end to their relationship with Bitcoin, China's intensified crackdown on its mining, and hesitant investor sentiment.
Chris Kuiper, an analyst with CFRA Research, said that Coinbase derives 90 percent of its revenue from trading fees that are assessed as a percentage of the transaction
Thus, coinbase, which peaked at about $429.50, generates less revenue when prices of other crypto assets are falling.
Other crypto-related stocks have been free-falling lately.
Software firm MicroStrategy (MSTR), which owns a big chunk of bitcoin, plummeted 11 percent Tuesday after a 10 percent drop Monday.
Shares of bitcoin miners Marathon Digital Holdings and Riot Blockchain and that of Chinese bitcoin mining equipment company Canaan all plunged this week.


Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins
Anta Sports Expands Global Footprint With Strategic Puma Stake
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 



