The GraniteShares 2x Long Coinbase Daily ETF (CONL) closed down 7.88% at $37.41 on December 30, as shares of Coinbase Global fell 4.26% to $254.40 amid a broader decline in crypto-linked stocks. Bitcoin's price slump, dropping 16% from its monthly high to below $92,000, has been a significant factor, driven by profit-taking from long-term holders and macroeconomic uncertainties, particularly around the Federal Reserve's interest rate policy. The Crypto Fear & Greed Index, a measure of market sentiment, fell to 65, its lowest since October, reflecting a cooling sentiment as Bitcoin's price action remains volatile. Despite recent acquisitions by major players like MicroStrategy, Bitcoin's technical indicators suggest further declines, with the price struggling to maintain key support levels.