Coinbase Falls 2.1% to $150.63 as Bitcoin Retests $62,000
Updated
Updated · Yahoo Finance · Aug 17
Coinbase Falls 2.1% to $150.63 as Bitcoin Retests $62,000
1 articles · Updated · Yahoo Finance · Aug 17
Summary
Coinbase shares slipped 2.1% to $150.63 after an earlier 3.1% drop, tracking a broader crypto selloff in morning trading.
Bitcoin retested the $62,000 level as reports of a more hawkish Bank of Japan and rising U.S.-Iran tensions pushed investors away from riskier assets.
$131 million in Bitcoin ETF outflows on Aug. 13 and the SEC's cancellation of its planned open meeting added to pressure and uncertainty across the sector.
The move is notable but not exceptional for Coinbase, which has logged 53 swings greater than 5% over the past year and remains down 36.3% in 2026.