Coinbase Global, Inc. (NASDAQ: COIN) ended Monday’s session sharply lower, tracking a broad pullback in crypto-linked assets as Bitcoin fell back below $86,000. After the closing bell on December 15, 2025, investors are weighing a fresh analyst price-target cut, an operational status update involving the Axelar network, and a looming catalyst: Coinbase’s “System Update 2025” product showcase on Wednesday, December 17. [1]
Below is what happened to Coinbase stock after the bell today—and what matters most before the U.S. stock market opens tomorrow (Tuesday, December 16, 2025).
Coinbase stock price after the bell: where COIN closed and where it traded after hours
Regular session (Monday, Dec. 15):
- Close:$250.42, -6.37% [2]
- Day range: roughly $246.82 to $268.75
- Volume: about 10.8 million shares
After-hours (as of ~5:18 p.m. ET):
- After-hours price: about $250.18 (roughly -0.10% from the close), signaling limited additional downside immediately after the bell. [3]
After-hours trading can be thin and headline-driven—especially for high-beta names like Coinbase—so overnight crypto prices can still meaningfully shift sentiment before Tuesday’s premarket.
Why Coinbase stock fell today: crypto selloff + “sell-the-news” setup into Dec. 17
1) Bitcoin dipped below $86,000, pulling crypto-linked stocks down with it
Coinbase’s equity often trades like a leveraged proxy for crypto risk appetite: when Bitcoin and Ethereum slide, exchange and mining stocks typically follow. On Monday, Bitcoin traded around the mid-$80,000s, down roughly 3% on the day at points, while Ethereum also fell. [4]
Investing.com also framed Monday’s move as a “crypto-linked stocks” selloff, noting Bitcoin’s drop below $86,000 and weakness across the sector. [5]
2) A key analyst cut its price target to $230 ahead of Coinbase’s product event
A major “today” development for COIN was a new note from Compass Point. According to Investing.com, the firm:
- Lowered its price target to $230 from $266
- Maintained a Sell rating
- Argued the expected product announcements are unlikely to materially change near-term financials [6]
Compass Point also cited a fundamental concern: it sees Coinbase’s Q4 revenue tracking ~5% below consensus, with the potential for a ~10% EBITDA miss, and flagged Coinbase’s exposure to crypto market cycles. [7]
Today’s key news on Coinbase: insider sale notice + Axelar network delays
CFO Form 144: Alesia Haas filed to sell 7,375 shares (prearranged plan)
One headline investors frequently watch—especially on a down day—is insider selling. A Form 144 filing posted today indicates Coinbase CFO Alesia Haas filed notice to sell 7,375 shares, with an aggregate market value listed around $1.97 million and an “Approximate Date of Sale” of 12/15/2025. [8]
The same filing includes a Rule 10b5-1 plan adoption date of 08/29/2024, which generally signals a pre-scheduled trading plan rather than a discretionary, headline-driven sale. [9]
Context: 7,375 shares is a tiny fraction of Coinbase’s ~228 million shares outstanding (roughly 0.003%), but insider activity can still influence short-term sentiment when traders are already nervous. [10]
Coinbase status update: “delayed sends and receives” on Axelar Network
Operational reliability matters for an exchange brand—particularly when markets are volatile.
Coinbase’s status page posted an “Investigating” update stating that some users were experiencing delayed sends and receives on Axelar Network, while buys, sells, and fiat withdrawals/deposits were not affected, and added that funds were safe. The timestamp on the update is Dec 15, 2025 – 11:41 PST. [11]
Reuters also circulated a brief item on the same issue. [12]
Forecasts and analyst outlook: what Wall Street is projecting now
With COIN back near the low-$250s after today’s drop, “the forecast debate” remains wide:
- Compass Point:Sell, $230 target (today’s move). [13]
- Broader analyst targets (compiled): GuruFocus reports that among 30 analysts, the average one-year price target is about $380.63, with a high estimate of $510 and a low estimate of $226.32. [14]
- Consensus recommendation (compiled): GuruFocus lists an average brokerage recommendation of 2.2 (“Outperform”) across 37 firms. [15]
The takeaway: even after Monday’s selloff, the Street is far from aligned—COIN is still a stock where the upside case (new products + higher crypto volumes) and the downside case (cyclicality + volatility + execution risk) can both be supported by credible arguments.
The next catalyst investors are watching: Coinbase “System Update 2025” on Dec. 17
Coinbase’s investor relations site lists a Product Showcase: “Coinbase System Update 2025” scheduled for December 17, 2025 at 2:00 PM PT. [16]
Why this matters tonight:
- Bears are arguing the event is a “sell-the-news” risk because many rumored features have been discussed in advance. [17]
- Bulls are focused on whether Coinbase can convincingly expand into higher-frequency, more diversified revenue streams beyond spot crypto trading.
In the prediction markets theme specifically, PYMNTS reported Coinbase is “reportedly preparing” a Kalshi-linked prediction market—and said Coinbase provided the statement: “Tune in to the livestream on Dec 17th to find out what new products Coinbase is shipping.” [18]
One important caveat for traders: prediction markets are also drawing legal and regulatory scrutiny at the state level, which could shape the “how big can this get?” narrative even if Coinbase launches new functionality. [19]
What to know before the market opens tomorrow (Tuesday, Dec. 16, 2025)
Here are the most practical items to track between now and Tuesday’s opening bell:
1) A major U.S. jobs report hits at 8:30 a.m. ET
The U.S. Bureau of Labor Statistics schedule shows the Employment Situation for November 2025 is set for release on Tuesday, Dec. 16 at 8:30 AM ET. [20]
The same BLS calendar notes release dates may be subject to change due to a lapse in government services—so investors may be extra sensitive to any scheduling or data surprises. [21]
Why COIN investors should care: macro data can quickly shift rate-cut expectations and risk appetite, which often flows straight into crypto pricing and high-volatility equities.
2) Watch Bitcoin and Ethereum overnight—COIN tends to follow
As of the latest pricing, Bitcoin was around $86,012 and Ethereum about $2,940, both down on the day.
If crypto continues to sell off overnight, COIN’s premarket tone can deteriorate quickly; if crypto stabilizes, COIN could attempt a relief bounce after today’s sharp decline.
3) Monitor Coinbase’s Axelar status page for resolution or escalation
Any “resolved” update could help remove a short-term sentiment overhang. Any expansion of the incident (or new outages) could do the opposite—especially if markets stay volatile. [22]
4) Keep the Dec. 17 product showcase in focus
Even though the event is Wednesday, traders often position one to two sessions early—particularly when analysts are explicitly talking about “selling the news.” [23]
5) Levels traders will talk about (based on today’s tape)
Without over-reading technicals, two reference points stand out from Monday’s session:
- Intraday low zone: ~$246–247
- Intraday high zone: ~$268–269
If COIN opens below the prior day’s low, the market is signaling a “risk-off” continuation. If it reclaims the mid-to-upper $260s, the market is signaling dip-buying and stabilization.
Bottom line
Coinbase stock is ending Dec. 15, 2025 with a clear message from the market: crypto weakness still drives the tape, and skepticism is rising into Coinbase’s Dec. 17 product event—especially after Compass Point’s target cut to $230 and warning signs around Q4 tracking. [24]
For Tuesday morning, the two biggest swing factors are (1) the 8:30 a.m. ET jobs report and (2) whether Bitcoin holds the mid-$80,000s overnight. [25]
References
1. www.marketscreener.com, 2. www.marketscreener.com, 3. www.marketscreener.com, 4. www.barrons.com, 5. www.investing.com, 6. m.investing.com, 7. m.investing.com, 8. www.streetinsider.com, 9. www.streetinsider.com, 10. www.streetinsider.com, 11. status.coinbase.com, 12. www.tradingview.com, 13. m.investing.com, 14. www.gurufocus.com, 15. www.gurufocus.com, 16. investor.coinbase.com, 17. m.investing.com, 18. www.pymnts.com, 19. www.reuters.com, 20. www.bls.gov, 21. www.bls.gov, 22. status.coinbase.com, 23. m.investing.com, 24. www.marketscreener.com, 25. www.bls.gov
