- Shares of Coinbase (COIN), Strategy (MSTR), and other crypto stocks dropped due to increased liquidations in the cryptocurrency market.
- Leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana have declined amid investor sell-offs for liquidity.
- Bitcoin peaked at $126,080 on October 6, 2025, but has been in a downtrend since, impacting other top coins.
- Macroeconomic concerns and a hawkish Federal Reserve outlook are pressuring the crypto market and related stocks.
- Coinbase shares have fallen 18.5% over three months and trade below key technical averages, with bearish analyst sentiment.
Shares of major crypto-related companies such as Coinbase (COIN) and Strategy (MSTR) experienced significant declines on Monday. This sell-off followed a rise in liquidations within the cryptocurrency market, affecting prominent coins including Bitcoin (BTC), Ethereum (ETH), and Solana. Many investors have been converting crypto assets into cash to increase liquidity.
After a generally strong 2025, the cryptocurrency market shifted in October. Bitcoin surged to a record high near $126,080 on October 6 but has since entered a downward trajectory, causing similar declines in other leading cryptocurrencies. Meanwhile, Strategy (MSTR) stock has also fallen, with its strategy of investing in Bitcoin failing to yield benefits, despite ongoing acquisitions.
The current challenges in the crypto market are linked to broader economic concerns. A market-wide rally would likely require improvements in global economic conditions and positive jobs data. Additionally, a more dovish stance from the Federal Reserve is needed, which depends on economic progress. Although the Federal Reserve implemented an interest rate cut this month, its overall outlook remains restrictive.
These market pressures have weighed on Coinbase’s stock, which has dropped 18.5% in the past three months. Analysts have grown bearish, suggesting further decline if the crypto market does not recover. Currently, Coinbase trades within the middle of its 52-week range and below its 200-day simple moving average. Similarly, Strategy (MSTR) stock is near the bottom of its 52-week range and also below its 200-day simple moving average.
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