Coinbase and Circle stocks crater 69-72% from highs, dramatically underperforming Big Tech
β€ Coinbase and Circle stocks have experienced significant declines (69-72%) from their highs, drastically underperforming the S&P 500 and major tech stocks. β€ This underperformance is closely linked to the downturn in underlying crypto assets like Bitcoin and Ether, as well as company-specific challenges such as Coinbase's Q1 earnings miss and Circle's regulatory uncertainty. β€ Future catalysts for these crypto-linked equities could include regulatory clarity on stablecoins and market structure, or shifts in Federal Reserve interest rate policy.












