The Yieldmax Coin Option Income Strategy ETF (CONY) closed down 2.82% at $12.07 on January 13, as its underlying asset, Coinbase (COIN), faced a 2.43% decline to $252.50 amid a challenging macroeconomic environment. The drop in Coinbase's stock was influenced by Barclays lowering its price target by $8, reflecting concerns over the company's future performance. Additionally, the broader crypto market is under pressure, with Bitcoin briefly falling below $90,000, driven by investor jitters over the Federal Reserve's potential pullback on rate cuts following stronger-than-expected U.S. economic data. This has led to a sell-off in riskier assets, including cryptocurrencies, as higher bond yields make equities less attractive. Furthermore, reports of a federal judge allowing the U.S. government to sell seized Bitcoin have added to market volatility, although some experts suggest the impact may be limited.