Coinbase stock drops 30% last quarter, hits FTX collapse lows

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Coinbase has experienced a significant decline in its stock value, dropping approximately 30% in the first quarter of 2025.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

It’s been a tough first quarter for Coinbase’s stock. Coinbase (NASDAQ: COIN) experienced a 31% decline, marking its worst quarterly performance since the FTX collapse at the end of 2022. Several factors have contributed to this recent decline. Bitcoin, a major driver of Coinbase’s trading volume, has fallen from its January 21 all-time high of $107,180.92 to a three-month low of $87,000 on February 25.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Technical analysis indicates potential further declines for Coinbase’s stock. The chart shows a descending broadening formation, with the 50-day moving average approaching a death cross with the 200-day moving average. Despite these challenges, some analysts believe the selloff may be exaggerated.