Coinbase(US:COIN) Benzingaยท2025-09-25 19:54Core Insights - Crypto-linked stocks experienced significant declines as Bitcoin, Ethereum, and XRP continued to fall, impacting closely watched crypto-exposed stocks [1] - Bitcoin dropped below $110,000, Ethereum fell below $3,900, and XRP declined below $2.75, indicating a broader market downturn [1] Company Impact - Bitcoin miners such as Riot Platforms, Inc. and MARA Holdings, Inc. were particularly affected due to their revenues being closely tied to Bitcoin's market price and mining profitability [2] - HIVE Digital Technologies, Inc. also faced a steep decline as digital asset volatility pressured the company's margins [2] - Coinbase Global, Inc. saw shares drop nearly 5% as trading volumes decreased across global exchanges, directly impacting its revenue tied to transaction activity [3] - Strategy, Inc. mirrored Bitcoin's movements due to its substantial treasury holdings of the cryptocurrency, which weighed on investor sentiment [3][4] Market Sentiment - The market movements were influenced by rising U.S. Treasury yields and a global risk-off sentiment, leading investors to prefer safer asset classes over speculative crypto assets [4] - Stronger-than-expected U.S. economic growth and revised GDP figures dampened expectations for aggressive Federal Reserve rate cuts, putting additional pressure on risk assets like crypto [5]