Coinbase hits low as crypto crumbles. When does the exchange platform become a buy?

Coinbase Global (NASDAQ:COIN), the largest cryptocurrency exchange platform in the U.S., is on track to open Monday's trading below $100, setting a record trading ahead of an earnings report due out this week. COIN currently finds itself down 70% from its IPO date a little over a year ago, dating back to Apr. 14, 2021. Moreover, the stock has also dropped 55% in 2022 and is coming off the second worst single-day performance in its short history, plunging 12% during last Thursday’s Wall Street washout. With the cryptocurrency market under pressure during 2022's risk-off trade, when will COIN become a buy? Crypto’s Collapse COIN has suffered significantly as cryptocurrencies like Bitcoin (BTC-USD), Ethereum (ETH-USD), Litecoin (LTC-USD), Solana (SOL-USD), and Dogecoin (DOGE-USD) have each fallen more than 20% on the year. Year-to-date price action, as of late last week: Bitcoin -24.9%, Ethereum -28.6%, Litecoin -26.7%, Solana -54.5%, and Dogecoin -23.5%. Bitcoin has fallen to a two-month low, dropping below the