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16 Feb 2026, 02:45
Bitcoin Price Faces Another Rejection As Upside Momentum Fades
Bitcoin price failed to stay above $70,000 and started another decline. BTC is now trading below $68,800 and might extend losses in the near term. Bitcoin is slowly moving lower below $69,500 and $69,200. The price is trading near $68,400 and the 100 hourly simple moving average. There was a break below a bullish trend line with support at $69,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $68,400 and $68,000 levels. Bitcoin Price Dips Again Bitcoin price failed to remain stable above the $70,000 zone. BTC started a fresh decline and traded below the $69,200 support zone . There was a push below $69,000. The price dipped below the 38.2% Fib retracement level of the upward move from the $65,072 swing low to the $70,935 high. Besides, there was a break below a bullish trend line with support at $69,500 on the hourly chart of the BTC/USD pair. Bitcoin is now trading near $68,400 and the 100 hourly simple moving average . If the price remains stable above $68,000, it could attempt a fresh increase. Immediate resistance is near the $68,800 level. The first key resistance is near the $69,500 level. A close above the $69,500 resistance might send the price further higher. In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send the price toward the $70,500 level. The next barrier for the bulls could be $72,000 and $72,500. More Losses In BTC? If Bitcoin fails to rise above the $69,500 resistance zone, it could start another decline. Immediate support is near the $68,200 level. The first major support is near the $68,000 level or the 50% Fib retracement level of the upward move from the $65,072 swing low to the $70,935 high. The next support is now near the $67,350 zone. Any more losses might send the price toward the $67,350 support in the near term. The main support now sits at $66,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $68,000, followed by $66,500. Major Resistance Levels – $69,500 and $70,000.
16 Feb 2026, 02:25
Japanese Yen Plunges: GDP Shock Crushes Rate Hike Hopes as USD/JPY Soars Past 153
BitcoinWorld Japanese Yen Plunges: GDP Shock Crushes Rate Hike Hopes as USD/JPY Soars Past 153 TOKYO, Japan – May 2025: The Japanese Yen faced significant selling pressure today, with the USD/JPY pair decisively breaking back above the 153.00 level. This sharp movement follows the release of disappointing Gross Domestic Product (GDP) figures for the first quarter, which dramatically tempered market expectations for an imminent interest rate hike from the Bank of Japan (BoJ). Consequently, the Yen’s recent fragile recovery has unraveled, refocusing trader attention on the stark monetary policy divergence between Japan and the United States. Japanese Yen Weakens on Surprising GDP Contraction Japan’s Cabinet Office reported that the nation’s economy contracted at an annualized rate of 0.4% in Q1 2025. This figure missed consensus forecasts, which had anticipated modest growth. The data revealed particular weakness in private consumption and business investment. As a result, market participants swiftly reassessed the timeline for further BoJ policy normalization. The central bank had ended its negative interest rate policy in March 2024, marking a historic shift. However, today’s GDP report underscores the profound fragility of Japan’s economic recovery. It suggests that policymakers may need to maintain an extremely accommodative stance for longer than previously anticipated. Furthermore, the GDP miss arrives amid ongoing concerns about Japan’s demographic challenges and persistent low inflation expectations. The Yen’s immediate sell-off reflects a classic ‘bad news is bad news’ scenario for the currency. Weak economic data reduces the likelihood of higher interest rates, which diminishes the Yen’s relative yield appeal. Analysts note that capital flows likely accelerated out of Yen-denominated assets and into higher-yielding alternatives. This dynamic places immense pressure on the Ministry of Finance and the BoJ, which have repeatedly warned against excessive and disorderly currency moves. Bank of Japan Rate Hike Bets Evaporate The probability of a BoJ rate hike in the coming months, as implied by money market instruments, fell sharply following the data release. Prior to the report, swaps markets had priced in a nearly 40% chance of a hike by the July 2025 meeting. That probability has now halved. Governor Kazuo Ueda has consistently emphasized a data-dependent approach. He has stated that the bank will proceed cautiously with further rate increases. The latest GDP numbers provide a clear rationale for that caution. They signal that the domestic economy may not be robust enough to withstand tighter financial conditions. Key factors the BoJ will now monitor more closely include: Wage Growth Sustainability: The outcome of the annual ‘Shunto’ spring wage negotiations. Services Inflation: Whether price increases in the services sector are broadening. Household Spending: Signs of a recovery in real consumer expenditure. This shift in expectations creates a wider interest rate differential with the Federal Reserve. The Fed has signaled it is in no rush to cut rates amid sticky US inflation. This policy gap is a fundamental driver behind the USD/JPY’s ascent. Expert Analysis on Policy Divergence Senior strategists at major financial institutions highlight the renewed focus on macro fundamentals. “The GDP miss is a stark reminder that Japan’s policy normalization path will be uniquely slow and fraught with pauses,” noted a chief FX strategist at Mitsubishi UFJ Morgan Stanley Securities. “The market is now repricing the entire BoJ trajectory. While the era of negative rates is over, the journey to even a 1% policy rate looks very long. In contrast, the US Fed funds rate sits above 5%. This gap is the core narrative for USD/JPY.” Historical data supports this view. Periods of widening US-Japan yield spreads have consistently correlated with a stronger Dollar against the Yen. USD/JPY Technical Breakout and Market Impact The USD/JPY pair’s reclaiming of the 153.00 handle is a significant technical development. This level had previously acted as a key resistance point and a zone where Japanese authorities were suspected of conducting intervention in April 2024. The breach suggests that fundamental forces have, for now, overwhelmed official warnings. Chart analysis indicates the next key resistance levels reside near 155.00 and the multi-decade high of 160.00 from 2024. Recent USD/JPY Key Levels and Events Level Significance Date Context 160.00 2024 High / Intervention Zone April 2024 155.00 Psychological & Technical Resistance May 2024 153.00 Previous Intervention Trigger Breached May 2025 150.00 Major Psychological Support April 2025 The Yen’s broad weakness is affecting other asset classes. Japanese export-oriented stocks in the Nikkei 225 index rallied, as a weaker Yen boosts overseas earnings when repatriated. Conversely, Japanese government bond (JGB) yields edged lower as traders scaled back rate hike bets. The move also increases import costs for Japan, risking a renewed squeeze on household budgets and corporate margins. This creates a complex policy dilemma for officials who desire a stronger Yen to curb imported inflation but lack the fundamental economic justification to raise rates aggressively. Global Context and Currency Market Ripple Effects The Yen’s role as a global funding currency amplifies its movements. A weaker Yen can contribute to increased capital flows into higher-yielding assets globally, including emerging market debt and US equities. It also places pressure on other Asian currencies, which may face competitive devaluation concerns. The People’s Bank of China, for instance, will be monitoring the situation closely as it manages the Yuan’s stability. Moreover, the episode highlights the ongoing challenges for central banks navigating post-pandemic economic normalization amid divergent growth and inflation trajectories worldwide. Conclusion The Japanese Yen has experienced a pronounced sell-off, directly driven by a worse-than-expected GDP report that crushed expectations for a near-term Bank of Japan rate hike. This has enabled the USD/JPY pair to power past the critical 153.00 level, refocusing the market on the wide monetary policy gap between Japan and the United States. The situation underscores the fragile nature of Japan’s economic recovery and sets the stage for potential renewed volatility. Market participants will now scrutinize upcoming data on wages, inflation, and any verbal or actual intervention from Japanese authorities to gauge the currency’s next directional move. FAQs Q1: Why did the Japanese Yen weaken today? The Yen weakened primarily due to disappointing Japanese GDP data, which showed the economy contracted in Q1 2025. This reduced expectations that the Bank of Japan would raise interest rates soon, making the Yen less attractive compared to higher-yielding currencies like the US Dollar. Q2: What is the significance of USD/JPY breaking 153.00? The 153.00 level is a key psychological and technical threshold. It was also a zone where Japan was suspected of intervening in 2024 to support the Yen. Breaking above it signals strong bearish momentum for the Yen and could invite closer scrutiny from Japanese authorities. Q3: How does weak GDP affect Bank of Japan policy? The Bank of Japan has stated its policy is data-dependent. Weak GDP growth suggests the economy is not strong enough to handle significantly higher interest rates without risk. Therefore, the BoJ is likely to delay any further rate hikes, maintaining a more accommodative policy stance. Q4: What are the implications of a weaker Yen for Japan? A weaker Yen boosts profits for major exporters but increases the cost of imported energy and food, squeezing household budgets. It can also contribute to higher domestic inflation. The Ministry of Finance faces a dilemma between supporting growth and controlling inflation. Q5: Could Japan intervene to support the Yen again? Yes, Japanese authorities have repeatedly stated they will take appropriate action against excessive currency volatility. If the Yen’s decline becomes too rapid or disorderly, direct FX intervention (selling USD and buying JPY) is a possibility, as seen in 2024. This post Japanese Yen Plunges: GDP Shock Crushes Rate Hike Hopes as USD/JPY Soars Past 153 first appeared on BitcoinWorld .
16 Feb 2026, 02:15
EUR/USD Holds Critical 1.1850 Level as Holiday Lull Creates Tense Calm
BitcoinWorld EUR/USD Holds Critical 1.1850 Level as Holiday Lull Creates Tense Calm LONDON, May 26, 2025 – The EUR/USD currency pair consolidates its recent losses, holding precariously near the 1.1850 support level. Consequently, a pronounced holiday lull in both the United States and China dramatically mutes global trading activity. This quiet period, however, belies underlying tensions as traders globally await the next catalyst for the world’s most liquid forex pair. EUR/USD Technical Analysis and Key Levels The EUR/USD pair currently demonstrates a classic consolidation pattern. Market participants observe the 1.1850 handle as a critical short-term support zone. Furthermore, this level aligns with the 50-day simple moving average on the four-hour chart, adding to its technical significance. Conversely, immediate resistance sits firmly near the 1.1880-1.1900 band. A breakdown below 1.1850 could trigger a swift move toward the 1.1800 psychological support. Meanwhile, trading volumes across major platforms like the CME and EBS report figures approximately 40% below the 30-day average. This data confirms the tangible impact of the dual-holiday effect. Understanding the Holiday-Driven Liquidity Crunch Memorial Day in the United States and a concurrent public holiday in China create a unique market vacuum. Major financial hubs in New York and Shanghai remain closed. As a result, the typical Asian, European, and American trading session overlap vanishes. This absence removes a primary source of daily volatility and order flow. Institutional desks operate with skeleton crews, focusing primarily on risk management rather than new positioning. Therefore, price action becomes susceptible to exaggerated moves from even modest order sizes. This environment often leads to what veteran traders describe as ‘false breaks’ of technical levels. Fundamental Backdrop for the Euro and US Dollar Beyond the quiet tape, fundamental forces continue to shape the EUR/USD outlook. The European Central Bank maintains its data-dependent stance, closely monitoring inflation trends. Recent Eurozone PMI data showed modest expansion, providing limited support for the single currency. Across the Atlantic, the Federal Reserve’s communicated path remains a dominant driver. Markets continue to digest the latest FOMC minutes and upcoming Non-Farm Payroll data. The interest rate differential between the Eurozone and the US, often called the ‘rate spread,’ remains a key valuation metric for the pair. The table below summarizes recent central bank signals: Central Bank Last Policy Stance Key Upcoming Data European Central Bank (ECB) Holding rates steady; monitoring inflation Eurozone CPI Flash Estimate (May 31) Federal Reserve (Fed) Higher-for-longer rhetoric; data-dependent US PCE Price Index (May 30) Geopolitical developments also warrant attention. Trade discussions between the EU and the US, along with ongoing energy market dynamics, influence capital flows. Analysts note that the euro often acts as a funding currency in certain carry trades, adding another layer of complexity to its price action. Historical Context of Holiday Trading Sessions Market history provides crucial context for the current environment. Historically, sessions preceding or following major US holidays exhibit specific patterns. For instance, volatility tends to compress in the hours leading up to the closure. However, the subsequent re-opening often brings a surge of pent-up activity as traders react to accumulated news. The thin liquidity can amplify both gains and losses. A review of price action from Memorial Day 2024 shows the EUR/USD experienced a 50-pip range the day prior, followed by an 80-pip move on the reopening Tuesday. Seasoned analysts caution against reading deep technical significance into moves occurring during these illiquid periods. Expert Insight on Market Psychology “Markets detest a vacuum, but sometimes they are forced to endure one,” notes Senior FX Strategist, Dr. Alina Vance of Global Macro Advisors. “The current hold near 1.1850 is less about conviction and more about an absence of participants to push it through. The real test begins when London hands off to a fully staffed New York desk later this week. Watch order book depth on major platforms; it’s currently shallow, meaning the first major bank or fund to return with a clear directional view could move the market disproportionately.” This expert perspective underscores the temporary and technical nature of the current price action. Risk Management Strategies for Thin Markets Professional traders adjust their strategies during known low-liquidity events. Common adaptations include: Widening Stop-Loss Orders: Protecting against volatile, whipsaw price movements that can trigger stops unnecessarily. Reducing Position Sizes: Managing risk exposure due to higher potential slippage on entry and exit. Avoiding Breakout Entries: Treating breaks of support or resistance with skepticism until volume confirms the move. Focusing on Larger Timeframes: Shifting analysis to daily or weekly charts to avoid noise from minute-to-minute fluctuations. These practices help navigate the unique challenges posed by sessions like the current one, where the EUR/USD pair’s behavior may not reflect broader fundamental trends. Conclusion The EUR/USD pair’s hold near the 1.1850 level presents a snapshot of a market in pause. The combined US and China holidays have effectively muted trading, compressing volatility and volume. However, this tense calm precedes the return of full market participation. Traders should view the current price action through the lens of technical consolidation amid a liquidity drought rather than a new fundamental equilibrium. The key test for the EUR/USD trajectory will commence as major markets reopen, bringing fresh capital flows and reactions to any intervening economic data or news headlines. FAQs Q1: Why is the EUR/USD pair so quiet today? The quiet trading stems from major market closures for Memorial Day in the United States and a public holiday in China. This significantly reduces global trading volume and participant count, leading to muted price action. Q2: Is the 1.1850 level a strong support for EUR/USD? Technically, 1.1850 acts as a near-term support, aligning with key moving averages. Its true strength, however, will be tested under normal trading conditions with full liquidity, not during the current holiday-thinned session. Q3: What happens when US and Chinese markets reopen? Typically, the return of major players leads to a surge in volatility and volume. The market efficiently prices in any news or data released during the closure, which can cause significant gap moves or sustained trends. Q4: How do holidays in one country affect a currency pair like EUR/USD? Global forex markets are interconnected. A closure in a major financial center like the US removes a huge source of daily liquidity and order flow. This can lead to exaggerated price swings from relatively small trades and makes the market more vulnerable to sharp moves. Q5: Should retail traders avoid trading during these low-liquidity periods? Many professionals advise caution. While opportunities exist, the risks are heightened due to potential for slippage, wider spreads, and unpredictable volatility. If trading, strict risk management with wider stops and smaller position sizes is essential. This post EUR/USD Holds Critical 1.1850 Level as Holiday Lull Creates Tense Calm first appeared on BitcoinWorld .
16 Feb 2026, 02:10
AUD/USD Soars: Australian Dollar Nears Three-Year Peak, Eyes 0.7100 Milestone
BitcoinWorld AUD/USD Soars: Australian Dollar Nears Three-Year Peak, Eyes 0.7100 Milestone Sydney, Australia – The Australian Dollar (AUD) is demonstrating remarkable resilience, trading firmly near its strongest position in three years against the US Dollar (USD). Market analysts now closely watch the AUD/USD currency pair as it consolidates gains and eyes a significant technical and psychological threshold: the 0.7100 mark. This sustained strength reflects a complex interplay of divergent central bank policies, robust commodity exports, and shifting global risk sentiment. Consequently, traders and economists are assessing the durability of this trend and its broader implications for the Asia-Pacific financial landscape. AUD/USD Technical Analysis and the 0.7100 Target The AUD/USD pair’s ascent to multi-year highs is not an isolated event. Instead, it represents the culmination of a sustained bullish trend. On the daily chart, the pair has consistently found support above its 50 and 200-day moving averages. Furthermore, a series of higher lows since the latter half of last year confirms underlying buyer confidence. The immediate resistance zone around 0.7080-0.7100 now acts as the primary focal point for bulls. A decisive weekly close above 0.7100 could potentially open the path toward the 0.7200-0.7250 region, levels not seen since early 2022. Market technicians highlight several key indicators. For instance, the Relative Strength Index (RSI) remains in bullish territory but below overbought levels. This suggests room for further appreciation without immediate exhaustion. Additionally, trading volumes have expanded on up days, lending credibility to the breakout. However, seasoned chart watchers also note potential headwinds. A failure to breach 0.7100 might trigger a corrective phase, with initial support expected near the 0.6950 level. Therefore, the coming sessions are critical for determining the next directional move for the Australian Dollar. Fundamental Drivers Behind the Australian Dollar’s Strength Several powerful fundamental factors underpin the Aussie’s performance. Primarily, the interest rate differential between Australia and the United States has narrowed significantly. While the US Federal Reserve has signaled a potential pause in its hiking cycle, the Reserve Bank of Australia (RBA) has maintained a more hawkish stance due to persistent services inflation. This policy divergence makes Australian assets relatively more attractive, attracting capital flows into the currency. Secondly, China’s economic recovery plays a pivotal role. As Australia’s largest trading partner, stronger-than-expected Chinese industrial production and infrastructure spending directly boost demand for key Australian exports. Iron Ore: Prices remain elevated, bolstering national export revenue. Liquefied Natural Gas (LNG): Global energy security concerns continue to support this high-value export. Coal: Thermal and metallurgical coal exports contribute significantly to the trade surplus. Finally, a general improvement in global risk appetite has benefited commodity-linked currencies like the AUD. As markets price in a ‘soft landing’ scenario for major economies, investors rotate out of safe-haven assets, indirectly supporting the Australian Dollar. Expert Analysis on Monetary Policy and Currency Valuation Financial institutions are revising their AUD/USD forecasts. For example, analysts at Westpac and the Commonwealth Bank of Australia have published research notes suggesting the currency could sustain levels above 0.7000 into the medium term. Their reasoning hinges on the RBA’s data-dependent approach. Recent labor market data showed unexpected tightness, with the unemployment rate holding at historic lows. This gives the central bank little impetus to consider rate cuts in the near future, preserving the yield advantage. Conversely, commentary from the Federal Reserve indicates a more cautious approach to further tightening. The latest FOMC minutes emphasized a commitment to monitoring lagged policy effects. This creates a dynamic where Australian monetary policy may remain restrictive longer than in the US. According to historical correlation models, such an environment has historically been supportive for the AUD/USD pair. However, experts also warn of downside risks, including a sharper-than-expected slowdown in China or a resurgence of US inflation forcing the Fed back into an aggressive stance. Comparative Performance Against Major Currency Pairs The Australian Dollar’s strength is not limited to the USD pair. A broader look reveals a strong performance across the G10 forex spectrum. Currency Pair Weekly Change Key Driver AUD/JPY +1.8% Carry trade demand, BoJ policy stance AUD/EUR +0.9% Diverging ECB and RBA outlooks AUD/GBP +0.6% UK economic stagnation concerns AUD/CAD +0.4% Relative commodity basket strength This table illustrates the Aussie’s broad-based momentum. Notably, its gains against the Japanese Yen (JPY) are particularly pronounced. The Bank of Japan’s continued ultra-accommodative policy makes the AUD an attractive destination for yield-seeking investors utilizing the carry trade. This multi-currency strength reinforces the view that current AUD appreciation is driven by global macro factors rather than USD weakness alone. Conclusion The AUD/USD pair stands at a critical juncture, consolidating near three-year highs with the 0.7100 level in sight. This movement is supported by a confluence of technical breakout patterns, a favorable interest rate differential, and resilient commodity exports. While the path forward depends on upcoming economic data from the US, China, and Australia, the current fundamental backdrop favors the Australian Dollar. Market participants will monitor RBA communications, Chinese PMI data, and US inflation prints for fresh catalysts. A sustained break above 0.7100 for the AUD/USD would confirm a significant structural shift in the forex market’s valuation of the Australian currency. FAQs Q1: What does AUD/USD trading at 0.7100 mean? It means one Australian Dollar can be exchanged for 0.7100 US Dollars. A move to this level represents a significant appreciation of the AUD relative to the USD, reaching its highest value in approximately three years. Q2: Why is the Australian Dollar so strong right now? The primary drivers are a relatively hawkish Reserve Bank of Australia, strong prices for key commodity exports like iron ore and LNG, and an improved global risk appetite that favors growth-linked currencies. Q3: How does China’s economy affect the AUD? China is Australia’s largest trading partner. Stronger Chinese industrial demand directly increases imports of Australian raw materials, boosting Australia’s trade surplus and supporting demand for the Australian Dollar. Q4: What could cause the AUD/USD to reverse lower? Potential catalysts include a surprise surge in US inflation forcing aggressive Fed hikes, a sharp downturn in Chinese economic data, a significant drop in key commodity prices, or the RBA adopting a unexpectedly dovish policy tone. Q5: Is now a good time to convert USD to AUD? This depends on individual financial goals and risk tolerance. While the AUD is near multi-year highs, the fundamental outlook remains supportive. Consulting with a qualified financial advisor for personal currency needs is always recommended, as forex markets are volatile. This post AUD/USD Soars: Australian Dollar Nears Three-Year Peak, Eyes 0.7100 Milestone first appeared on BitcoinWorld .
16 Feb 2026, 01:49
CryptoQuant Finds Bitcoin’s Latest Correction Breaks With Bear Market Patterns
CryptoQuant reports Bitcoin’s correction does not follow classic bear market patterns. Short- and long-term holder losses are milder than in past cycle bottoms. Continue Reading: CryptoQuant Finds Bitcoin’s Latest Correction Breaks With Bear Market Patterns The post CryptoQuant Finds Bitcoin’s Latest Correction Breaks With Bear Market Patterns appeared first on COINTURK NEWS .
16 Feb 2026, 00:59
Coinbase stock rallies 16% as retail users stack Bitcoin and Ethereum
Coinbase stock rallied, spiking about 16% in a single session amid renewed optimism from retail cryptocurrency investors who have been accumulating Bitcoin (BTC) and Ethereum (ETH) during recent price weakness. The stock’s rebound comes after a prolonged period of volatility for both crypto markets and Coinbase’s own share price. Coinbase’s CEO, Brian Armstrong, highlighted that many individual users continued to build up their Bitcoin and Ethereum holdings even as prices were soft . The rally continued as retail customers either bolstered or held onto their Bitcoin and Ethereum holdings during the recent market weakness, signaling trust among regular investors. Shares of Coinbase finished at $164.32 in the last trading session, gaining $23.23 or some 16%, per market data from TradingView. The stock rose to $141 to open the day and continued to climb throughout the session, finishing close to its intraday high. Coinbase’s rise coincided with reports that retail investors were accumulating cryptocurrencies in the recent slide. Armstrong wrote that numerous users who bought more dropped or remained in the same position despite the market’s volatility. He referred to the trend as “buying the dip “: an investment strategy in which people buy investments after a price decline in anticipation of a rebound. Bitcoin and Ethereum accounted for most of that activity, according to him. These two cryptocurrencies typically produce the greatest trading volumes on the exchange. Armstrong also said that retail wallet balances in February were higher than in December despite price peaks and troughs. He alleged that many users displayed what crypto-lore scholars commonly call “diamond hands,” holding onto their assets rather than selling them during downturns. Analysts outline key price levels and targets Market analysts have been closely watching Coinbase’s technical levels . A weekly chart for analyst Ace illustrates the stock testing major Fibonacci retracement areas, which traders use to identify potential resistance and support zones. They conclude that the next significant level of resistance is at $186.19. In continuation of the momentum, additional resistance levels could occur at $279.10, $365.48, and $426.98. But the overall chart remains corrective unless the stock rises above $186.19 in a big game-changer. The good news is that Coinbase remains above $125.81, which analysts view as maintaining a longer-term bullish structure. More than just technical analysis, dozens of Wall Street firms have updated prices for Coinbase. Bernstein analysts recently forecast the stock could reach $212, and, more optimistically, even $500 to hit a new all-time high. Meanwhile, several brokerages have cut their price expectations while maintaining positive or neutral ratings. H.C. Wainwright set one of the highest targets at $350, while Barclays set one of the lowest at $148. Canaccord Genuity lowered its goal from $400 to $300. BTIG cut its target to $280. Benchmark cut its forecast to $267, and Goldman Sachs lowered its forecast slightly to $264. Other companies made comparable adjustments. J.P. Morgan lowered its valuation to $252, and Deutsche Bank revised it to $250. Rosenblatt and Needham lowered their estimates to $240 and $230, respectively. Baird revised its rating to Neutral with a target of $165, while Piper Sandler set its target at $150. Earnings miss, and insider sales draw attention After a stock rally over the past month and favourable trends for retailers in the retail sector, Coinbase’s most recent earnings report showed weaker-than-expected results. In the fourth quarter through December 31, the company posted a net loss of $666.7 million. The numbers lagged Wall Street expectations, adding another layer of complexity to the stock’s prospects. Armstrong has also recently sold over $100 million of Coinbase stock. He has sold approximately $500 million of his company’s shares over the last year. Insider sales, which don’t necessarily portend bad expectations — executives tend to sell shares for diversification or simply because they want to plan their personal finances — can pull in investors, it’s true, particularly in turbulent times. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
