Coinbase Stock Plunges 33% in Q1 2025 — Worst Performance Since FTX Collapse
Coinbase (COIN) has recorded its worst quarterly performance since the 2022 FTX collapse, with shares tumbling 33% in the first quarter of 2025 as the broader crypto market declined.
The stock opened the year at $257 and closed March near $172, reflecting the heavy market correction. Despite this drop, Coinbase expects between $685 million and $765 million in subscription revenue, while analysts project total Q1 earnings of about $1.87 billion.
The slump came as Bitcoin and Ethereum both faced major pullbacks — down 20% and 45%, respectively, from their recent highs. Crypto-related equities followed suit:
Marathon Digital fell 37%
Riot Platforms dropped 32%
Bitfarms lost nearly 50% of its value
Hut 8 slid 45%
Hive Digital Technologies plunged 50%+
Canaan Creative dropped a sharp 58.4%
Meanwhile, MicroStrategy (now rebranded as Strategy) was a rare outlier, losing just 3.95%, supported by its significant Bitcoin reserves and strong 2024 performance.
Analysts link the weakness across markets to growing investor anxiety over President Trump’s new trade tariffs and a potential U.S.–China trade standoff. The S&P 500 also fell 4.75% in Q1, marking a broad pullback in risk assets.
Bitcoin, which hit an all-time high of $109,000 on Trump’s inauguration day in January, has since corrected to around $83,000. Analysts note that the president’s recent announcement of a strategic Bitcoin reserve — viewed as less aggressive than expected — contributed to short-term market disappointment.
Despite the volatility, analysts remain cautiously optimistic. As the U.S. government redefines its crypto stance and liquidity conditions stabilize, new catalysts could emerge to revive investor sentiment across both digital assets and crypto equities.
Do your own research buy your favourite coin from here below….