PANews reported on April 1st that according to Bloomberg, due to increased concerns about the US economic outlook, the stock prices of Coinbase Global Inc. and other cryptocurrency-related companies suffered significant losses 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 diversified enterprise Galaxy Digital Holdings Ltd. to mining companies Riot Platforms Inc. and Core Scientific Inc. The cryptocurrency market was equally grim, with Bitcoin's market value dropping by over 10% and Ethereum's market value falling by 45%.
