Coinbase shares have plunged following disappointing quarterly results, with revenue rising to $1.2 billion but falling short of analyst expectations. As Bitcoin's all-time high looms, investors are hopeful for a favorable outcome in the upcoming US election, particularly with Donald Trump potentially returning to power, which could positively impact the crypto sector. However, the recent drop below the $200 mark adds to the downward pressure on Coinbase shares, despite the possibility of a rebound linked to Bitcoin's performance.
