Bitcoin.com News reports that crypto-linked stocks fell sharply on Friday. Coinbase's shares dropped over 12%, while Strategy's fell 6%. This decline followed a significant security breach at Binance, which is estimated to cost billions. The downturn coincided with a broader technology selloff related to concerns about AI spending. Notably, both Coinbase and Strategy had reported quarterly profits the previous night, indicating that the market reaction may be driven more by external factors than company performance.
AI-assisted source briefing. Based on the Bitcoin.com News RSS report; not independently verified.
Source published: Fri, 30 Oct 2026 15:26:13 +0000
[Read the original report](https://news.bitcoin.com/market-updates/coinbase-bitcoin-giant-strategy-fall-binance-hack-rocks-crypto-stocks/)
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