Coinbase Global Inc. ($COIN) Stock Forecast: Down 5.6% Today

What is Coinbase Global Inc.?

COIN is the ticker symbol for Coinbase Global Inc., a leading cryptocurrency exchange platform. Today, the stock experienced a strong bearish movement amidst a broader pullback in major cryptocurrencies, notably Bitcoin.

Why is Coinbase Global Inc. going down?

COIN stock is down 5.6% on Feb 4, 2026 20:46

• The bearish movement in COIN can be attributed to the overall negative sentiment in the cryptocurrency market, particularly the pullback in Bitcoin prices.
• The decline in COIN's stock price is reflective of the impact of Bitcoin's price fluctuations on sentiment towards crypto-related stocks.
• The market movement suggests that investors are closely monitoring the performance of major cryptocurrencies like Bitcoin, which can significantly influence the valuation of companies operating in the crypto space.
• As Bitcoin stabilizes after a recent selloff, the uncertainty and volatility in the cryptocurrency market continue to impact the stock prices of companies like Coinbase Global Inc.

COIN Price Chart

COIN Technical Analysis

COIN News

Coinbase Stock Slips As Bitcoin Pullback Hits Crypto Sentiment - Coinbase Global ( NASDAQ:COIN )

Coinbase Global Inc ( NASDAQ:COIN ) is trading lower alongside a pullback in major cryptocurrencies, with Bitcoin ( CRYPTO: BTC ) changing hands around $73,000 at the time of publication. Here's what investors need to know. Coinbase Global shares are retreating from recent levels.

https://www.benzinga.com/trading-ideas/movers/26/02/50388702/coinbase-stock-slips-as-bitcoin-pullback-hits-crypto-sentiment

Anti-Strategy ETFs Climb as MSTR Stock Hits Multi-Year Low

Leveraged anti-Strategy ETFs, like GraniteShares’ 2x Short MSTR Daily ETF (MSDD) and Defiance’s SMST, are reaching record highs as Strategy's (MSTR) stock has plummeted over 65% in the last six months, hitting a multi-year low. These ETFs are designed to move in the opposite direction of MSTR's performance, benefiting greatly from its decline. While MSTR faces concerns about potential liquidations due to Bitcoin price dips affecting its holdings, crypto analyst Lark Davis suggests forced liquidation is unlikely given Strategy’s long-term debt financing structure.

https://www.coinspeaker.com/anti-strategy-etfs-climb-as-mstr-stock-hits-multi-year-low/amp/

Nasdaq halts Robot Consulting trading as firm works with SEC

Robot Consulting (Nasdaq: LAWR) has confirmed that its American Depositary Shares were halted from trading by Nasdaq on February 4, 2026. The company states it is actively cooperating with Nasdaq and the U.S. Securities and Exchange Commission, providing requested information and ensuring transparency with regulators and shareholders. Robot Consulting plans to issue timely updates on material developments through appropriate channels.

https://www.stocktitan.net/news/LAWR/robot-consulting-issues-statement-addressing-its-trading-ji5sbzuhto4p.html

Bitcoin holds steady after huge selloff (BTC-USD:Cryptocurrency)

Bitcoin (BTC-USD) showed slight gains on Wednesday, stabilizing after a significant selloff on Tuesday. The cryptocurrency had fallen to its lowest point since early November 2024 following former U.S. President Donald Trump's re-election.

https://seekingalpha.com/news/4546891-bitcoin-holds-steady-day-after-huge-selloff

Envestnet Asset Management Inc. Trims Stock Position in BlackRock $BLK

Envestnet Asset Management Inc. reduced its stake in BlackRock (NYSE:BLK) by 3.9% in the third quarter, selling 21,968 shares but still owning 540,397 shares valued at approximately $630.0 million. This comes as BlackRock recently filed for an iShares Bitcoin Premium Income ETF and announced an increased quarterly dividend of $5.73, despite insiders selling about $55.5 million worth of stock. Analysts maintain a "Moderate Buy" rating for BlackRock, with an average target price of $1,311.11.

https://www.marketbeat.com/instant-alerts/filing-envestnet-asset-management-inc-trims-stock-position-in-blackrock-blk-2026-02-04/

Trending Today

Bitcoin ($BTC) Crypto Forecast: Down 5.1% Today

XRP ($XRP) Crypto Forecast: Down 5.3% Today

Beyond Meat Inc. ($BYND) Stock Forecast: Down 5.2% Today

Digital Turbine, Inc. ($APPS) Stock Forecast: Down 5.4% Today

Cencora Inc. ($COR) Stock Forecast: Down 9.2% Today

Chubb Limited ($CB) Stock Forecast: Up 5.1% Today

Aurora Cannabis Inc. ($ACB) Stock Forecast: Down 7.4% Today

Martin Marietta Materials Inc. ($MLM) Stock Forecast: Up 2.0% Today

Amcor plc ($AMCR) Stock Forecast: Up 7.8% Today

Take-Two Interactive Software Inc. ($TTWO) Stock Forecast: Down 5.0% Today

Coinbase Global Inc. Price History

29.00.2026 - COIN Stock was down 5.5%

• The decline in Coinbase's stock today may be due to several factors:
• Negative sentiment in the cryptocurrency market, evident from the significant outflow from the Bitwise Ethereum ETF owing to concerns about Ethereum's price direction and market sentiment in general.
• Anticipation surrounding the upcoming earnings release for Intercontinental Exchange (ICE), a major player in the financial industry, possibly prompting investors to adjust their investments, impacting Coinbase's stock performance.
• Despite Coinbase's CEO, Brian Armstrong, endorsing the TrumpAccounts program as a charitable initiative, this development may not have outweighed the broader market trends affecting the stock.
• Insider selling activity in ICE, despite favorable forecasts from analysts, could have influenced investor confidence in related companies like Coinbase.

29.00.2026 - COIN Stock was down 5.3%

• Today, COIN faced significant bearish movement, likely influenced by various factors:
• Coinbase CEO's announcement supporting a program in Bitcoin for employees' kids may have sparked investor concerns and prompted a sell-off.
• The general market sentiment towards cryptocurrencies, particularly in light of recent volatility in Solana (SOL-USD), may have impacted COIN's performance.
• Institutional investors cutting down their stakes in Intercontinental Exchange Inc. (ICE) leading to selling pressure could have contributed to a cautious approach towards financial assets, affecting COIN.
• Profit-taking activities in anticipation of ICE's upcoming earnings release may have further driven the downward pressure on COIN and related sectors like cryptocurrency exchanges.

14.00.2026 - COIN Stock was up 5.7%

• Coinbase's bullish movement today could be attributed to the overall positive sentiment in the cryptocurrency market, with Bitcoin and other major digital assets seeing strong price appreciation.
• Hut 8 Mining Corp.'s expanded Bitcoin credit line with Coinbase Credit may have indirectly boosted confidence in the crypto sector, leading to increased investment in related companies like Coinbase.
• Strive's landmark approval for the Semler Scientific acquisition, which significantly increased its Bitcoin holdings, could have further validated the legitimacy and potential growth of digital assets, benefiting Coinbase as a key player in the industry.
• Zero Knowledge Proof's $5 million giveaway and the contrasting market dynamics highlighted may have also contributed to the overall positive outlook on cryptocurrencies, indirectly benefiting Coinbase's stock performance.

04.01.2026 - COIN Stock was down 5.6%

• The bearish movement in COIN can be attributed to the overall negative sentiment in the cryptocurrency market, particularly the pullback in Bitcoin prices.
• The decline in COIN's stock price is reflective of the impact of Bitcoin's price fluctuations on sentiment towards crypto-related stocks.
• The market movement suggests that investors are closely monitoring the performance of major cryptocurrencies like Bitcoin, which can significantly influence the valuation of companies operating in the crypto space.
• As Bitcoin stabilizes after a recent selloff, the uncertainty and volatility in the cryptocurrency market continue to impact the stock prices of companies like Coinbase Global Inc.

23.11.2025 - COIN Stock was down 5.1%

• The bearish movement in COIN today could be attributed to the broader market sentiment shifting towards traditional tech stocks like Charles Schwab (SCHW) and away from cryptocurrencies.
• Japan's new crypto regulations impacting companies like Bitfarms might have added to the negative pressure on COIN as investors become cautious about regulatory challenges in the crypto space.
• Despite Coinbase's optimistic projection of stablecoins reaching $1.2 trillion by 2028, the market might be reacting to the overall uncertainty and volatility in the crypto industry, leading to a bearish trend for COIN today.

03.01.2026 - COIN Stock was down 7.1%

• Despite positive reinforcement from Cathie Wood's Ark Invest regarding BitMine and Coinbase stocks, the downtrend in COIN's performance indicates that general market sentiment towards cryptocurrencies could be affecting investor trust.
• The growing interest in active speculation and hedging within the cryptocurrency sphere, as discussed in recent analyses, may be exacerbating volatility and selling pressure on COIN shares.
• The introduction of JPMorgan Chase's Enhanced Notes tied to the iShares Bitcoin Trust ETF highlights the risks associated with crypto investments, prompting investors to reconsider their positions in COIN.
• With Hyperscale Data Inc. amassing a substantial Bitcoin treasury, attention is shifting away from conventional cryptocurrency exchanges such as Coinbase, potentially impacting COIN's outlook as investors explore diverse avenues for exposure to digital assets.

03.01.2026 - COIN Stock was down 5.0%

• The bearish movement in COIN today could be attributed to the overall shift in the cryptocurrency market towards active hedging and speculation. This shift may have led to increased volatility and uncertainty, impacting Coinbase's stock price negatively.
• The announcement of JPMorgan Chase offering enhanced notes linked to a Bitcoin ETF may have diverted some investor interest away from individual cryptocurrency-related stocks like COIN, contributing to the bearish movement.
• Additionally, the strong Q4 earnings report from Bread Financial Holdings Inc. may have attracted investors towards other financial companies, causing a relative decline in interest and investment in Coinbase Global.
• The neutral ratings issued by analysts for Coinbase Global may have also influenced investor sentiment, leading to a more cautious approach towards COIN stock, resulting in the bearish movement observed today.

04.01.2026 - COIN Stock was down 6.8%

• Coinbase's stock experienced a strong bearish movement likely influenced by the broader market sentiment and specific news related to the company.
• The bearish trend in Coinbase's stock could be attributed to a lawsuit filed by Nevada authorities over unlicensed wagering, raising concerns about regulatory challenges and legal uncertainties for the company.
• Additionally, the overall decline in the cryptocurrency market, as seen in Bitcoin's recent selloff and stability, could have further impacted Coinbase's stock performance, given its close ties to the digital asset space.
• The mixed sentiment among traders regarding Webull's stock and the impact of the bitcoin slump on various companies in the sector might have added to the negative pressure on Coinbase's stock price.

04.01.2026 - COIN Stock was down 7.1%

• The bearish movement in COIN stock today may be linked to the negative sentiment in the cryptocurrency market, as observed with Bitcoin's recent selloff and stabilization.
• The trading halt for Robot Consulting, a Nasdaq-listed company, could have added to the caution in the market, prompting investors to retreat from riskier assets like cryptocurrencies.
• Reports of Envestnet Asset Management reducing its stake in BlackRock, despite positive developments such as the filing of a Bitcoin-related ETF, might have influenced investor confidence in the crypto sector.
• Overall, a mix of regulatory concerns, profit-taking behavior, and general market uncertainty likely contributed to the downward trend in COIN stock today.

15.00.2026 - COIN Stock was down 6.2%

• The bearish movement in COIN could be attributed to the reduced Bitcoin yield outlook, as highlighted by a price target cut for MicroStrategy (MSTR), indicating potential concerns about the overall cryptocurrency market.
• The rally in Bitcoin price, driven by fresh inflows from institutional investors like BlackRock, could have diverted some attention away from other cryptocurrency-related stocks such as Coinbase, leading to a downward pressure on COIN shares.
• The increased institutional ownership in Bit Digital, Inc. (BTBT) and the positive sentiment towards Bitcoin as a long-term macro asset may have shifted investor focus towards other cryptocurrency-related companies, impacting the performance of COIN negatively.
• Overall, the bearish movement in COIN today could be a result of shifting investor sentiments towards different cryptocurrency assets and concerns about the Bitcoin yield outlook affecting related stocks in the market.

15.00.2026 - COIN Stock was down 5.0%

• The decline in COIN stock today aligns with the negative trend in the crypto market, as reflected by the dip in ARK ETFs influenced by the broader crypto market downturn.
• The surge in Bitcoin's value and the growing interest from institutional investors, exemplified by BlackRock's engagement, might have drawn focus away from conventional cryptocurrency exchanges like Coinbase, impacting COIN's stock performance adversely.
• High Roller Technologies' advancements in digital finance, such as partnering with Crypto.com and receiving strategic investments, could have lured investors from traditional crypto exchanges like Coinbase, influencing the bearish trajectory in COIN's stock value.
• Analysts' apprehensions regarding the inflated valuations of firms like Hut 8, heavily reliant on Bitcoin-generated revenues, could have had a spill-over effect on market sentiment towards COIN stock, leading to the observed bearish movement.

15.00.2026 - COIN Stock was down 5.1%

• The downward trend in COIN today may be linked to TD Cowen's lower price target for MicroStrategy (MSTR), signaling a diminished outlook for Bitcoin returns. Given Coinbase's close dependency on cryptocurrency performance, any negative sentiment towards Bitcoin could affect investor trust in related firms like Coinbase.
• Moreover, the introduction of Figure Technology's OPEN blockchain-based stock trading network may have diverted attention from conventional cryptocurrency exchanges like Coinbase. This novel platform, offering direct blockchain trading, likely piqued investor interest, shifting focus away from Coinbase.
• The announcement of iPower Inc.'s Digital Asset Treasury strategy and initial investments in Bitcoin and Ethereum could have influenced market sentiment towards COIN. As more companies integrate digital assets into their treasury strategies, competition in the cryptocurrency industry intensifies, potentially impacting the performance of established players such as Coinbase.