Coinbase Global Inc. (NASDAQ:COIN) shares fell over 3% in Friday’s premarket session. This follows a 4.26% decline during Thursday’s trading. The slump correlates with a broader retreat across the digital asset ecosystem.
Bitcoin Leads Market Lower
The total crypto market cap dropped 3.2% to $2.3 trillion on Friday. Bitcoin (CRYPTO: BTC) traded down 2.27% over the last 24 hours to $68,231.67. According to CoinMarketCap, the average Crypto Relative Strength Index (RSI) stands at 36.9. This suggests the market is entering oversold territory.
Macro Pressures Weigh on Sentiment
U.S. …