Coinbase and Circle shares are trading 69% and 72% below their respective all-time highs as Bitcoin briefly fell under $60,000, highlighting the steep drawdowns facing publicly traded crypto-linked equities during periods of digital asset weakness. The two most prominent crypto-native public companies have seen their stock prices collapse from peak levels. Coinbase, the largest U.S.-listed cryptocurrency exchange, sits 69% below its high, while Circle, the issuer of the USDC stablecoin, trades 72% below its own peak valuation. For related coverage, see Coinbase Bitcoin Premium Index Negative for 40 Days Signals Weak U.S. Demand.