Coinbase Global is trading at $175.88, down 4.32%, as broader risk-off sentiment weighs on U.S. markets amid renewed concerns in technology shares about AI-related debt and persistent inflation.
- Bitcoin is down 1.30% and Ethereum 1.27% since the prior close, adding pressure, though both declines are smaller than Coinbase Global’s.
- Coinbase announced a stablecoin-card collaboration with Marqeta, but the positive partnership does not explain the decline.