Crypto's Tuesday has turned from bad to worse as a broader sell-off in the tech sector and financials is unfolding. Bitcoin (BTC) has fallen back 5% to $75,000 in the early U.S. afternoon hours, only a few hundred dollars above its low from last weekend. Ethereum's ether (ETH) has dropped 6.5% to near $2,200, while Solana (SOL) slipped below $100, down 5.5%. Shopify (SHOP), Adobe (ADBE), Salesforce (CRM), Intuit (INTU) were just a few names of the broader tumbled 7%-12% during the session. The iShares E ...

Core Viewpoint - The crypto market is currently experiencing a decline after a significant bull run in 2025, leading to speculation about the potential for another bear market in 2026, although most analysts predict a different outcome [1][2]. Group 1: Market Predictions - Analysts generally agree that 2026 will not see a crypto winter, with a consensus leaning towards a positive outlook for the year [2]. - Zach Pandl from Grayscale predicts that Bitcoin may reach a new all-time high in the first half of 2026, following a recent peak of $126,000 [3]. - Greg Magadini from Amberdata anticipates a volatile year for Bitcoin and Ethereum, with significant price movements expected in both directions [3]. Group 2: Price Forecasts - Magadini expects Bitcoin to drop below $67,000 in early 2026 but ultimately forecasts a rally to a new all-time high between $150,000 and $200,000 [4]. - The differing outlooks among analysts stem from their views on the factors driving the current crypto bull run, with Magadini linking it to macroeconomic sentiment [5]. Group 3: Influencing Factors - Magadini believes that a credit crunch in early 2026 will negatively impact crypto prices, but a rebound will occur as central banks respond [5]. - In contrast, Pandl argues that the sustainability of the crypto bull market will depend on demand for alternative stores of value and regulatory developments that facilitate crypto's integration with the traditional economy [6].

Core Insights - Cryptocurrencies, particularly Bitcoin, are experiencing significant volatility in 2025, with Bitcoin down approximately 30% from its October high of over $126,000, reaching a low of $76,270.13 in April before hovering below $90,000 [1][2] Price Performance - The iShares Bitcoin Trust ETF (IBIT) has declined 6.9% over the year and 26% in the past three months, reflecting the overall volatility in the cryptocurrency market [2] Company Analysis Robinhood Markets (HOOD) - Robinhood is benefiting from increased transaction revenues due to higher retail market participation, with trading volumes in Q3 2025 up significantly across equities, options, and crypto [7] - The company has seen a 75% year-over-year increase in Robinhood Gold subscribers, reaching 3.9 million [10] - Strategic acquisitions, including a majority stake in MIAX Derivatives Exchange, are expected to enhance Robinhood's prospects in 2026 [9] Micron Technology (MU) - Micron is a leading memory chip manufacturer poised to benefit from the expanding AI-driven memory and storage markets, with strong demand for high-bandwidth memory (HBM) and a recovery in DRAM pricing [11][12] - The Zacks Consensus Estimate for fiscal 2026 earnings is $31.36 per share, reflecting a significant increase from $8.29 per share reported in fiscal 2025 [13] Ciena (CIEN) - Ciena is experiencing growth due to increased customer spending driven by AI applications, with a focus on network investments to support AI-driven traffic growth [14][15] - The company has raised its fiscal 2026 revenue outlook to $5.7-$6.1 billion, indicating nearly 24% growth at the midpoint [15] - The Zacks Consensus Estimate for fiscal 2026 earnings is $5.15 per share, suggesting a 95.1% increase from fiscal 2025 [16] Credo Technology (CRDO) - Credo is capitalizing on the growth of active electrical cables (AEC), which are becoming the standard for inter-rack connectivity, with significant reliability and power consumption advantages [17][18] - The Zacks Consensus Estimate for fiscal 2026 earnings is $2.66 per share, up 30.4% from the previous estimate [19]

Morning Minute: JPMorgan Says No Crypto Winter► https://t.co/kZ9IMX8S6V https://t.co/kZ9IMX8S6V ...

Core Viewpoint - JPMorgan analysts assert that the recent decline in Bitcoin prices does not indicate a new crypto winter, but rather a "meaningful correction" within the market [2][3]. Market Dynamics - The recent sell-off is attributed to several short-term factors, but these do not suggest a structural breakdown in crypto demand [2]. - Institutional interest, real-world adoption, and tokenization efforts in the crypto space remain strong [3]. Analyst Insights - JPMorgan analysts express confidence that the current bull cycle is not ending, despite acknowledging the significance of the November pullback [3]. - The bank emphasizes that recent market pullbacks do not reflect broader structural degradation within the crypto ecosystem, maintaining a positive outlook on the sector [3]. Broader Implications - JPMorgan highlights key factors influencing the crypto sector, including ETF inflows, tokenization initiatives, bank participation, and stablecoin growth [6].

JPMorgan analysts signaled on Tuesday that Bitcoin and other digital assets could have more room to run, despite fears sparked by the original cryptocurrency’s plunge over the last month. Although some onlookers may be convinced that crypto prices are primed for prolonged downturn following Bitcoin’s fall as low as $81,000 last month, the investment bank doesn’t foresee a so-called crypto winter brewing on the horizon. “The sell-off this past month triggered worries throughout crypto media and markets that ...

Market Overview - Glassnode's latest report indicates that current market conditions resemble the early stages of the 2022 bear market, also referred to as crypto winter [1] Buyer Behavior - The elevated risk of top buyer capitulation is highlighted, with the spot price falling below the 0.75 quantile, currently trading near $96,100, putting over 25% of BTC supply underwater, similar to the onset of the 2022 bear market [2] - The total supply in loss has reached 7.1 million bitcoin, at the high end of the 5 million to 7 million range observed in early 2022 [3] Capital Flows - Despite market pressures, capital continues to flow into bitcoin, with a realized cap net change of approximately $8.69 billion per month, significantly lower than the summer peak of $64.3 billion per month [3] Investor Sentiment - Off-chain trends indicate a softening investor sentiment, with ETF demand weakening, as IBIT experiences its longest negative streak since January 2024, totaling over $2.7 billion in outflows over the last five weeks [4] - Spot market activity is deteriorating, with cumulative volume delta (CVD) trending negatively, particularly on Binance, while the Coinbase premium is expected to roll over again after a brief positive period [5] Derivatives Market - Derivatives data shows a decline in risk appetite, with open interest falling from November into December, indicating reduced willingness to take on risk following the October 10 liquidation flash crash [6] - Perpetual funding rates are mostly neutral, with occasional negative prints, suggesting a more balanced and less speculative trading environment [6] Options Market - Traders are not positioning for a strong breakout ahead of the upcoming FOMC meeting, with a cautious stance observed in the options market where upside is being sold rather than pursued [7] - Earlier in the week, put buying was dominant as bitcoin approached $80,000, but as prices stabilized, flows shifted towards call activity as investor fears subsided [7]

Core Viewpoint - Bitcoin is experiencing its first yearly decoupling from stocks, indicating a significant shift in market dynamics as the cryptocurrency sector continues to face a pullback [1] Group 1: Market Trends - The current decline in Bitcoin can be partially attributed to profit-taking by long-term crypto holders, suggesting a strategic shift among investors [1] Group 2: Future Predictions - Aya Kantorovich, co-CEO and co-founder of August, shares insights on market movements and provides predictions for the cryptocurrency landscape in 2026 [1]

Bitcoin's decoupling from stocks. What's it telling you. Look, I think without a doubt, the last three weeks have been painful.You know, we've seen one and a half times higher volatility in the last three weeks than we've seen in 2025 total. And a lot of that has to do with a number of things. One, there's implications outside of just macro, which is, you know, more global and geopolitical.And we're seeing a lot of bit of that. We're also seeing, you know, some decoupling into the weekend where we are seein ...

Core Insights - MSTR is experiencing a decline in yield and faces challenges due to a potential crypto winter, which may impact its quarterly coupon payments related to its preferred shares [1] Group 1: Company Overview - MSTR operates as a treasury company focused on Bitcoin (BTC) and is currently dealing with headwinds affecting its financial performance [1] Group 2: Market Dynamics - The equity market is characterized by daily price fluctuations that can lead to significant long-term wealth creation or destruction [1] - Pacifica Yield is targeting long-term wealth creation by investing in undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]