Bitcoin and Ethereum Suffer Steep Declines as Coinbase Stock Plummets Amid U.S. Economic Woes

COINOTAG News reports that as of April 1st, the U.S. economic landscape remains uncertain, leading to significant declines in stocks within the **cryptocurrency sector**. Coinbase Global Inc., a major player in the space, witnessed a staggering **31% drop** in its stock price during the first quarter of 2025, marking its most severe quarterly downturn since the FTX fallout at the close of 2022. The ripple effect was felt across the industry, with prominent companies like **Galaxy Digital Holdings Ltd.**, as well as miners such as **Riot Platforms Inc.** and **Core Scientific Inc.**, all suffering notable losses. The broader **crypto market** also reflects this downturn, evidenced by a **10% reduction** in Bitcoin’s market capitalization, while Ethereum experienced an alarming **45% drop**. These developments underscore the heightened volatility and challenges facing the **digital asset** market amid pressing economic headwinds.