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Coinbase, Circle underperform Big Tech as crypto stock slump deepens
Coinbase and Circle have experienced steeper losses compared to Oracle, Netflix, and Salesforce, illustrating the growing disparity between crypto equities and the broader market. The crypto stock slump continues to widen the gap with Big Tech companies.
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Adjacent reporting
- Bitcoin slides to April lows as crypto diverges from record-chasing U.S. equities
- Bitcoin hits lowest since February as crypto competes for liquidity with blockbuster IPOs
- Coinbase posts steep first-quarter loss after slide in crypto prices, shares fall 4%
- Novogratz’s Galaxy Digital Posts Loss as Crypto Rout Lingers
- Coinbase stock declines 5% after missing Q1 estimates on crypto slowdown