New York, Feb 1, 2026, 04:58 EST — Market closed.
- Coinbase shares fell 2.2% on Friday, tracking a late-week slide in bitcoin.
- Traders are recalibrating rate and liquidity expectations after Trump named his Fed chair pick.
- Coinbase reports results on Feb. 12, with crypto prices setting the tone into Monday.
Coinbase Global shares closed down 2.2% at $194.74 on Friday, with about 9.6 million shares changing hands, as bitcoin’s pullback kept pressure on the crypto trade.
U.S. stock markets are shut on Sunday, but crypto trades around the clock. That leaves COIN exposed to weekend swings in token prices before equity investors get their first look on Monday.
Macro policy is back on the radar after Donald Trump said his Fed chair nominee, Kevin Warsh, could win support from some Democrats, calling him a “high-quality person.” Warsh still needs Senate confirmation to lead the Federal Reserve when Jerome Powell’s term ends in May; Thom Tillis has vowed to block the process pending a U.S. Justice Department inquiry tied to Powell, the report said. Reuters
Bitcoin traded 2.5% lower at about $82,300 on Friday and hit a two-month low as investors fretted that tighter policy and less liquidity would hurt speculative assets, Reuters reported. Damien Boey, a portfolio strategist at Wilson Asset Management, said talk of “pulling the rug out” was weighing on hedges such as gold and crypto, while Sean Dawson at Derive.xyz said “fears around AI exuberance” were a “big contributor” after Microsoft shares slid 10%. Reuters
Bitcoin was around $78,000 on Sunday, based on Coinbase pricing, extending the pullback from late-week levels.
That matters for Coinbase because big token moves can change trading activity quickly. When prices fall hard, some users pull back; others pile in. Either way, volumes tend to dictate the mood around the stock.
Coinbase also trades in sympathy with other U.S.-listed crypto plays, including Strategy and Robinhood, though the link is uneven from day to day. Coinbase’s own mix of transaction fees, subscriptions and institutional business can break the pattern.
The next company catalyst is close. Coinbase said it will release fourth-quarter and full-year 2025 results on Feb. 12 after the market close and host a webcast at 2:30 p.m. PT.
Traders will watch for any signal on whether activity improved late in the quarter, and for updates on costs. Options desks tend to focus on implied volatility — the market’s estimate of future swings — heading into earnings.
But the setup cuts both ways. If bitcoin keeps sliding and rate fears harden, COIN could open lower even without fresh company news; a quick rebound in crypto prices could change the tape just as fast.
For the week ahead, investors will track bitcoin into Monday’s open and watch how the Warsh nomination fight plays into broader risk appetite. Then attention turns t
o Feb. 12, when Coinbase reports and delivers its next read on volumes.
