Coinbase Collapses: Will the Crypto Boat Float or Sink with Trump’s Tidal Tariff?

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In an orchestration befitting a Shakespearean farce, the Trump tariff has spun its tempestuous web around the hapless financial market, plummeting the Coinbase stock price from its once celestial heights. Ah, Coinbase—our beloved crypto exchange!—now teetering upon the precipice of exasperation amid the woe that is the current crypto landscape. Bitcoin, that digital darling, has pirouetted down to a mere $83k, as the obscure altcoins gnash their digital teeth, each one writhing under a most savage bearish pressure, drawing COIN into the depths with them. Experts, those oracles of the modern age, whisper of a catastrophic fall to $100, or perhaps even lower, should the tempest persist. 🎢

Coinbase Stock Price Crashed 50% With Trump Tariff

In his latest spectacle, Donald Trump has donned the mantle of the economic saboteur—introducing a splendidly nonsensical 10% tariff across the board. The stock market, along with the entire financial pantheon, has reeled as if inflicted with a financial hangover, the $S&P 500 executing a plunge reminiscent of its pandemic-induced nosedive in June 2020. As it is with many a stock, Coinbase (COIN) finds itself ensnared in this grand tragedy, a victim of circumstance and not-so-unfateful policy. 🤷‍♂️

Over the past week, like a disheartened swan, the COIN stock has gracefully declined—by 25%, a veritable ballet of loss, only to waltz back with a staggering 50% drop from its halcyon days of yore when it kissed an ATH of $343.62 in December 2024. Meanwhile, gold, that ever-shimmering relic of value, has ascended, further sowing discord in the shambles of the stock industry. 🥇

Though some well-meaning analysts concoct fantasies of the Fed slicing rates, the specter of economic uncertainty looms, casting its shadow over COIN like an overbearingly somber cloud. 🌧️

Coinbase Stock Price Risks Fall to $100, What’s Next?

Once a meteoric beauty, Coinbase stock floated high and triumphant throughout 2024, only to falter dramatically after its December zenith, resembling a starling caught in a sudden gale. Presently, it flounders at $170.76, feebly clinging to a 6.6% loss today, with those pesky experts (on whom we depend for expression of our darkest fears) foreseeing tumultuous waters ahead.

One of these skilled forecasters, the sagacious Ali Martinez, has recently proclaimed that COIN has splendidly extricated itself from its ascending channel—a veritable Houdini act—hinting ominously at an impending descent to $130 or plunging even further to the dreaded $100. Such turbulence, dear reader, is kindled by the Trump tariff, whose very mention sends shivers down the digital spines of traders and dreamers alike. 😱

To wit, an ascending channel is a fickle friend—it bobs from lower to upper, only to fling itself back into shadow before seeking refuge once more. COIN’s recent break from this ascendant embrace spells a poignant shift, beckoning a correction most dire. 🎭

Other prognosticators whisper sweet nothings of a bearish descent targeting $80 or, oh, the euphoric heights of $400 should a crypto renaissance grace us. Yet, the climate of uncertainty—nay, the smog of anxiety—remains steadfast unless the weary investors shake off the heavy shroud of this trade war. 💰

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2025-04-04 11:48