markets
COIN -3.80% — Breaking
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
COIN drops 3.8% after hours while tech megacaps surge around it.
COIN slid to $163.58 in extended trading, down from a $160.09 previous close, as MSFT and AMD each ripped over 14% on earnings — a divergence that signals crypto-adjacent names are not catching the risk-on bid tonight. HOOD confirmed the weakness, also off 3.03% to $86.60, suggesting the selloff is sector-specific rather than broad market stress.
Watch: $160.09 prior close as immediate support — a break there opens downside with no cash-session buyers present. If MSFT/AMD strength carries into Friday's open, COIN's failure to participate becomes a meaningful relative weakness signal.