Core Viewpoint - Bitcoin (BTC-USD) has fallen to $67,000, marking its lowest level in 2024, driven by increased selling pressure and a lack of government intervention in the cryptocurrency market [1][4]. Group 1: Market Reactions - U.S. Treasury Secretary Scott Bessent stated that the government will not intervene to rescue the cryptocurrency market, which contributed to Bitcoin's continued decline [5]. - The market is experiencing heightened selling pressure, exacerbated by warnings from notable investors like Michael Burry, who suggested that the ongoing decline in Bitcoin prices could lead to a "death spiral" and significant asset value destruction [5][6]. - Bitcoin has dropped nearly 20% year-to-date, reflecting a broader trend of declining prices in the cryptocurrency market [1][5]. Group 2: Technical Analysis - Bitcoin's recent drop has resulted in a record fourth consecutive month of declines, coinciding with the announcement of Kevin Warsh as a potential successor to Jerome Powell as Federal Reserve Chair, which is perceived as a hawkish signal [6]. - Ethereum (ETH-USD) and other cryptocurrencies have also seen declines, with market sentiment shifting significantly as investors are not ready to buy the dip [7]. - Fundstrat's Sean Farrell identified the $75,000 range as a reasonable support level, based on previous price points, while cautioning that the market remains in a downtrend with significant risks from traditional markets [7].

Michael Lewis and Tom Lee held court at a podcast taping in New York City on Tuesday, talking to SoFi’s head of investment strategy, Liz Thomas, for her show, The Important Part. In a wide-ranging conversation that covered, among other things, Lee’s thoughts on flash-frozen food technology and Michael Lewis’s dinner with OpenAI CEO Sam Altman on the subject of Sam Bankman-Fried, the two towering figures in finance debated whether the current selloff in software stocks was turning into something more seriou ...

"Our strategy is simple, buy high and sell even higher""We believe this multi-billion dollar drawdown is transitory.""It's only a loss when you sell!"Strategy (@Strategy):We’re excited to welcome leading $BTC analysts to the live Q&A during our Q4 Earnings Call tomorrow at 5 PM ET: @LynAldenContact, @LawrenceLepard, @fundstrat, and @hillery_dan. https://t.co/uk02qdMsNq ...

⟠ Why is Tom Lee called the Michael Saylor of Ethereum?Bitmine's chairman buys $ETH at a high pace, accumulating 3.55% of the supply.Who is @fundstrat and what's his strategy? Find out ⬇️BSCN (@BSCNews):https://t.co/8Nl0WC8e53 ...

Core Insights - Galaxy Digital reported a fourth-quarter loss of $482 million, primarily due to a 22% decrease in the value of its investment portfolio [1] - The company's digital assets and investments declined by $449 million, bringing the total portfolio value down to $1.7 billion, while it still holds $2.6 billion in cash and stablecoins [1][2] - The earnings before taxes and interest loss of $557 million exceeded analysts' expectations of $278 million [2] Financial Performance - At the end of the fourth quarter, Galaxy held $557 million in Bitcoin, $124 million in Ethereum, and $220 million in other altcoins [2] - The company managed $617 million in venture and fund investments and reported $141 million in "other liquid investments" [2] - Trading volumes fell 62% quarter-over-quarter to $10.6 billion, following a $9 billion Bitcoin sale in the third quarter [4] Market Position - Galaxy's shares fell approximately 16% following the earnings report, trading at $22.13, the lowest since July, compared to an all-time high of $45.92 in October [3] - The value of Galaxy's loan book remained stable at $1.8 billion, indicating resilience and sustained client demand despite lower digital asset prices [5] - The company reported $6.4 billion in assets under management, a 27% decrease from $8.8 billion in the previous quarter [6] Future Developments - The first phase of Galaxy's Helios data center is on track for completion in the first half of the year, with an agreement to deliver 133MW of critical IT load in partnership with AI cloud provider CoreWeave [7]

Fundstrat Co-Founder Tom Lee Says Crypto Bottom Is in Following Market Slumphttps://t.co/y9TAAQxSu5 ...

Core Viewpoint - The cryptocurrency market is likely at or near a bottom, with prices overshooting to the downside despite strengthening fundamentals [1][2] Market Performance - Bitcoin is trading at $77,357, down 1.4% in the last 24 hours and 11.8% over the past week, while Ethereum is at $2,265, down 3.5% for the day and over 22% for the week [3] - Gold and silver have seen significant price movements, with gold surging 37.4% and silver 106.9% before experiencing sharp declines [4] Economic Context - The broader economy remains solid despite uncertainty from political developments, particularly the White House's policy agenda ahead of midterm elections [2][5] - The Federal Reserve's leadership changes and upcoming meetings may contribute to market volatility and risk aversion [5] Historical Insights - Early-year market performance is crucial, with data indicating that strong performance in the first week and month correlates with better full-year returns [6] Technical Analysis - Current conditions suggest a potential bottom for crypto, with analysis indicating Bitcoin may fall to the high $70,000s and Ethereum to around $2,400, signaling a possible inflection point [7]

Joining us now is Tom Lee, Funstrat, uh, head of research. I'm not going to say that u that that you didn't call this Tom because it was the beginning of the year you were talking about did you use the word uh speed bumps or volatility or I don't know what it was, but you also said that it a lot of it could be based on things coming out of Washington that the market was going to be held hostage of that to some extent. Is is this worse than you expected or pretty much uh what you were thinking.>> Um well and ...

We watched the interview with Tom Lee @fundstrat and the main takeaways are pretty bullish:📉 Crypto prices have underperformed despite strong fundamentals, largely because the market is fully deleveraged after October, leaving prices weak.🪙 Gold & silver fomo pulled risk appetite towards metals, away from crypto. Gold & silver taking a breather is actually a good thing for crypto.📆 US midterms uncertainty might affect markets, as well as FOMC might create bumpy conditions in mid-2026📊 History doesn't always ...

Quick Read GRNY returned 26% in the past year with over 10 percentage points of outperformance versus the S&P 500. GRNI generates a 10% monthly distribution rate through covered calls and cash-secured puts. The small and mid-cap focused GRNJ gained nearly 8% year to date. Investors rethink ‘hands off’ investing and decide to start making real money Star strategist Tom Lee from Fundstrat landed a slam dunk with his Fundstrat Granny Shots US Large Cap ETF (NYSEARCA:GRNY) just over a year ago. In th ...