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.


LVMH Succession Uncertainty Raises Governance Concerns Among Shareholders
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year
U.S. Stocks Slip as Gold Rebounds Ahead of Year-End, Markets Eye 2026 Outlook
U.S. Dollar Slides Toward Biggest Annual Loss Since 2017 as 2026 Risks Loom
Airbus CEO Warns Staff to Prepare for Rising Geopolitical Risks Amid Trade Tensions
FxWirePro- Major Crypto levels and bias summary
SEC Drops Gemini Enforcement Case After Full Repayment to Earn Investors
FxWirePro- Major Crypto levels and bias summary
South Korea Exports Hit Record High as Global Trade Momentum Builds 



