Coinbase’s fourth-quarter earnings missed Wall Street expectations, with the 
crypto exchange reporting its first net loss since the third quarter of 2023.

Coinbase misses Q4 earnings with $667M loss as crypto markets fell

Bitcoin (BTC) resumed its downward trajectory on Thursday, falling toward 
$65,645 at the time of writing after once again failing to break through the 
major $70,000 resistance level. The pullback in the leading cryptocurrency has 
rippled across the broader digital asset market, with large-cap tokens, 
including Ethereum (ETH), XRP, and Solana (SOL), posting similar declines. US 
Recession Signals And Potential Shutdown Market expert Ash Crypto attributed 
the latest selloff to two primary forces: deteriorating US economic data and 
the rising likelihood of a federal government shutdown. Related Reading: Is 
Bitcoin Already Pricing A US Recession? Analyst Sees Major Risk‑Reward Setup 
In a post published on X, he pointed to a series of weak macroeconomic 
indicators that have raised fresh concerns about the strength of the American 
economy. US home sales declined by 8.4% last month, marking the sharpest drop 
in nearly four years. At the same time, initial jobless claims came in higher 
than expected, signaling potential softness in the labor market. Taken 
together, these developments suggest the economy may be losing momentum, 
increasing the risk of a recessionary environment. Compounding those concerns 
is the growing threat of a government shutdown. According to Ash, the 
probability of a shutdown occurring this week has surged to 96%. Such an event 
would likely weigh on both traditional financial markets and cryptocurrencies 
by tightening liquidity conditions. He argued that the US economy is entering 
a period of turbulence that is already affecting equities, Bitcoin, and the 
broader digital asset market. In his view, market weakness could persist until 
there is a positive catalyst, such as a new trade agreement announced by 
President Donald Trump or a liquidity injection. Bitcoin At Risk? Technical 
analyst Crypto Rover shared similar concerns, warning that the &#8220;biggest threat 
to markets&#8221; has returned. He described the potential government shutdown as a 
serious liquidity hazard for financial markets. An additional complicating 
factor is the recent increase in the US debt ceiling to $41.1 trillion. While 
raising the ceiling prevents an immediate default, it also gives lawmakers 
more room to prolong negotiations without instantly halting government 
functions. According to Rover, this flexibility paradoxically raises the risk 
of an extended shutdown because neither side faces immediate financial 
pressure to concede. Related Reading: UNI Rallies 10% As BlackRock Brings 
Treasury‑Backed BUIDL Token To Uniswap The analyst also pointed to weakening 
labor market conditions, slowing retail spending, and rising corporate 
bankruptcies as evidence that the economic backdrop is deteriorating. 
Ultimately, should a new shutdown materialize and persist for a longer period, 
the analyst warns that the liquidity drain could be significantly larger, 
intensifying pressure on both equities and cryptocurrencies like Bitcoin. 
Featured image from OpenArt, chart from TradingView.com

Bitcoin Back At $65,000 — The Two Main Reasons Behind Today’s Market Crash

A new report from Grayscale argues that while bitcoin retains the design 
features of a long-term store of value, its recent price action has looked far 
more like a growth stock than digital gold. Grayscale Report Says Bitcoin 
Moves in Lockstep With High-EV Software Stocks Bitcoin’s price slid to roughly 
$60,000 on Feb. 5, marking […]

Is Bitcoin Digital Gold or Growth Asset? Grayscale Weighs In

Bitcoin appears trapped within a capitulation zone where long-term holders 
continue to sell, and bearish onchain metrics hint at further downside. Will a 
drop to $40,000 mark the final price bottom?

Bitcoin in ‘capitulation zone’ as traders debate when BTC price will bottom

Anthropic raises $30B at a $380B valuation in a Series G round led by GIC and 
Coatue, marking one of the largest venture deals ever.
The post Anthropic doubles valuation in five months to $380B with $30B raise 
appeared first on Crypto Briefing.

Cryptocurrency price in USD