Coinbase disclosed $1.78 billion in fourth-quarter revenue on Thursday, indicating that its business suffered alongside Bitcoin’s retreat from all-time highs last year. The figure represented a 22% decrease compared to a year ago, while fourth-quarter revenue also fell short of analysts’ expectations of $1.84 billion. Coinbase posted a net loss of $667 million for Q4, marking a reversal from a year ago, when the firm notched $1.3 billion in profits alongside President Donald Trump’s re-election. Coinbase ...

Bitcoin slid to its lowest level in more than a week. Wintermute CEO and co-founder Evgeny Gaevoy says that the recent crypto market cycles have defied expectations, driven in part by memecoin activity and growing investor preference for ETFs rather than direct speculation. On policy, Gaevoy says that he supports the current market-structure legislation as a necessary next step for crypto's development. He joined the discussion On "Bloomberg Crypto" with Scrlet Fu and Tim Stenovec. ...

Core Viewpoint - Tom Lee, co-founder of Fundstrat and chairman of Bitmine, has made highly bullish predictions for Bitcoin and Ethereum, forecasting Bitcoin could reach between $200,000 and $250,000 by 2026, with Ethereum potentially experiencing similar gains [1][3]. Group 1: Bitcoin Predictions - Lee suggests that Bitcoin's next major rally may break the traditional four-year halving cycle, which has historically been followed by significant price declines [3]. - He acknowledges that under the classic cycle framework, Bitcoin "should be down this year," but believes recent developments have significantly changed the outlook [3]. - Key drivers for Bitcoin's potential rise include ongoing institutional adoption, the development of blockchain-based products by Wall Street, and increasing support from the U.S. government [4]. Group 2: Market Dynamics - Lee notes that gold rallies often precede Bitcoin rallies, suggesting that the recent performance of gold is beneficial for Bitcoin [5]. - He highlights that certain macroeconomic indicators, such as the copper-to-gold price ratio, have historically aligned with Bitcoin price increases, even if the reasons are not fully understood [5]. Group 3: Ethereum Outlook - Lee expresses a similarly bullish stance on Ethereum, indicating that its performance relative to Bitcoin is crucial for its potential upside [6][8]. - He emphasizes that the price ratio of Ethereum to Bitcoin is a key metric to monitor for future price movements [8].