The crypto market has not been in very good shape for the last few months and the constant ups and downs in the cryptocurrencies have made a huge impact on Coinbase stock. Also, the company is under immense pressure thanks to the government's increased regulatory scrutiny on cryptocurrency markets. Coinbase has lost more than 70% of its value year-to-date. Further, the selling pressure on the stock has considerably amplified these days and it has been reported that some of the insiders have also dumped their shares of the company.