BlockBeats News, April 1st, according to Bloomberg, due to escalating concerns about the U.S. economic outlook, Coinbase Global Inc. and other cryptocurrency-related company stocks suffered a heavy blow in the first quarter of 2025.
Coinbase's stock price plummeted by 31%, marking its worst quarterly performance since the FTX crash at the end of 2022. Almost all major cryptocurrency-related stocks experienced a sharp decline, from integrated enterprise Galaxy Digital Holdings Ltd. to mining firms Riot Platforms Inc. and Core Scientific Inc., all were not spared. The situation in the crypto market was equally grim, with Bitcoin's market cap dropping by over 10% and Ethereum's market cap plunging by 45%.
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