Coinbase and Circle have seen their stock prices decline by 69% to 72% from their all-time highs, according to reports from Crypto Briefing and CoinTelegraph. The drop dramatically widens the gap between crypto-related equities and the broader Big Tech sector.
The sharp decline underscores persistent volatility and unresolved regulatory hurdles facing the crypto industry. CoinTelegraph notes that Coinbase and Circle have posted steeper losses than major tech names like Oracle, Netflix, and Salesforce during the same period.
Investor confidence remains fragile as the sector struggles to regain momentum. The underperformance relative to Big Tech signals that market participants are favoring more stable, established growth stocks over crypto plays in the current environment.
Analysts caution that further downside cannot be ruled out if regulatory headwinds intensify or if Bitcoin and Ethereum prices fail to stabilize. However, some see the current valuation as a potential entry point for long-term investors.