According to Bloomberg, Foresight News reports that due to increased concerns about the US economic outlook, Coinbase Global Inc. and other cryptocurrency-related companies' stock prices suffered significant damage in the first quarter of 2025. Coinbase's stock price dropped 31%, marking its worst quarterly performance since the FTX collapse in late 2022. Almost all major cryptocurrency-related stocks plummeted, from the integrated enterprise Galaxy Digital Holdings Ltd. to mining companies Riot Platforms Inc. and Core Scientific Inc. The cryptocurrency market also looked bleak, with Bitcoin's market value dropping over 10% and Ethereum's market value falling by 45%.
Bloomberg: Coinbase shares have their worst quarter since FTX debacle
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