Bloomberg: With the sluggish cryptocurrency market, Coinbase's stock price welcomes its worst quarter since the FTX crash

BlockBeats News: On April 1st, according to Bloomberg, the stock prices of Coinbase Global Inc. and other cryptocurrency related companies were hit hard in the first quarter of 2025 due to increased concerns about the US economic outlook. Coinbase's stock price fell 31%, marking its worst quarterly performance since the FTX crash at the end of 2022. Almost all major cryptocurrency related stocks have plummeted, from conglomerate Galaxy Digital Holdings Ltd. to mining companies Riot Platforms Inc. and Core Scientific Inc. The situation in the cryptocurrency market is also not optimistic, with Bitcoin's market value falling by more than 10% and Ethereum's market value falling by 45%.