New York, Jan 11, 2026, 17:21 EST — Market closed.
- Shares of Coinbase slipped 1.9%, closing at $240.78.
- Traders are on edge ahead of U.S. inflation figures that might shake up Fed-rate expectations and send waves through crypto markets
- Bitcoin hovered near $90,448 on Sunday, keeping crypto-related stocks on edge ahead of any major macroeconomic shocks
Shares of Coinbase Global (COIN.O) closed Friday down 1.9% at $240.78. Heading into Monday, investors are turning their attention away from company news and toward the upcoming U.S. data release.
This matters because Coinbase often moves like a high-beta stand-in for crypto prices and risk appetite. When investors retreat from risk, trading volumes usually dip, and exchange stocks can reflect that shift almost immediately.
Tuesday brings the first test with the U.S. Labor Department set to release December consumer prices at 8:30 a.m. ET. The CPI, a key measure of household inflation, can swing rate expectations sharply if it surprises. (Bureau of Labor Statistics)
Friday’s jobs report set the tone early. Nonfarm payrolls increased by 50,000 in December, while the unemployment rate slipped to 4.4%. Average hourly earnings climbed 3.8% from a year ago, according to Reuters. “All roads lead to the unemployment rate … it should douse the Fed’s recent urgency,” said Olu Sonola of Fitch Ratings. (Reuters)
U.S. stocks climbed to fresh records following the data release, with a strategist describing the figures as “still fairly strong,” despite payrolls falling short of expectations. However, that risk-on sentiment didn’t fully carry over to crypto-linked stocks toward the end of the week. (Reuters)
Bitcoin hovered near $90,448 on Sunday, showing little movement after a volatile week that kept it close to the $90,000 level.
Investors keep returning to the macro-to-crypto connection when it comes to Coinbase. Much of the company’s revenue comes from trading fees and related activity, which tend to increase when crypto prices shift and retail traders jump in.
Peers heavily exposed to crypto often ride the same wave. Brokerage Robinhood, bitcoin holder Strategy, and listed miners like Marathon and Riot tend to mirror sharp token price swings, which can heighten sector-wide volatility when crypto markets wobble.
However, the scenario works both ways. A stronger-than-expected CPI reading might drive Treasury yields up, weighing on risk assets across the board. On the flip side, a dip in bitcoin could reveal whether crypto demand is holding steady or slipping back into a quieter, low-volume phase.
The calendar is packed in the short term: Tuesday’s CPI report comes first, then the Federal Reserve’s policy meeting on Jan. 27-28. Traders will be eyeing any signals of a rate shift, which could ripple through crypto markets and impact Coinbase shares directly.
