Wall Street Analysts Downgrade Coinbase Amid Crypto Trading Volume Collapse

Wall Street analysts have sharply downgraded Coinbase as trading volumes fell to their weakest levels since late 2023.

“The crypto honeymoon is over for now as analysts warn of a major first-quarter profit squeeze Several major investment firms have preemptively downgraded Coinbase and other platforms as a sharp drop in trading activity and falling token prices threaten to derail upcoming first-quarter earnings results”

@coindesk

Barclays warned that global crypto trading activity has declined to a level not seen since the end of 2023.

@coindesk

Oppenheimer cut its volume estimate to $211 billion for the quarter, down from $244 billion.

Exchanges charge fees on each transaction, so lower volumes translate directly into less revenue.

Bitcoin lost over 22% and Ether was down 29% in the first quarter.

Death toll estimates diverged sharply across sources.

The Bangladeshi government and Reuters placed the figure at 28.

CoinDesk

The Dhaka Tribune and Guardian at 33.

Al Jazeera correspondents counted at least 41.

Police detained factory owner Faisal Rahman.

Survivors described workers pounding on locked metal doors as smoke filled the stairwells.

“Crypto Trading Volumes Plunge, Exposing Weaknesses The cryptocurrency trading market has slowed sharply in early 2026, leading Wall Street analysts to cut their earnings forecasts”

Whalesbook

Nasrin Begum escaped by jumping from a second-floor window.

The Bangladesh Garment Workers' Federation called a nationwide strike.

This was not an accident. This was corporate murder, Akter said.

Labour Minister Tahmina Akhter pledged an immediate government investigation.

Rahman Textile produced clothing for European brands including Hessen and BrandBox.

Both companies said they were deeply saddened.

@coindesk

Hessen's compliance team had audited the factory in March.

Rahman Textile owner claimed the factory had passed its most recent safety inspection.

Clean Clothes Campaign said the audit system was fundamentally broken.