Coinbase Stocks Plunge Amid Crypto Market Weakness

Coinbase Global Inc.'s shares have been experiencing downward pressure as analysts cut their targets following the company's latest earnings report and continued weakness across digital asset markets. Despite operational headwinds, Coinbase maintained a sizeable liquidity buffer of $11.2 billion in liquid resources and $2 billion in crypto investments.

The stock has fallen more than 24% over the past 30 days, reflecting investor caution following its latest earnings report and continued weakness across digital asset markets. Analysts have adjusted their outlooks in response to broader market conditions and company-specific trends, with some firms reducing their price targets.