Bitcoin dropped below $67,000 and ether under $2,000 as ETF outflows resumed and the dollar strengthened amid macro and geopolitical tension.
The Wall Street investment bank cited slower ETF flows, weak network activity and a narrowing window for U.S. regulatory catalysts.
Today’s quantum computers are far from breaking Bitcoin’s cryptography and any real threat would likely emerge gradually, giving the network time to adapt.
William Blair said Circle’s recent rally reflects more than macro factors, pointing to USDC resilience and growing recognition of the firm’s stablecoin infrastructure advantage.
The bank said rising volumes, tighter market structure and early institutional engagement are pushing prediction markets beyond their gambling roots toward a new asset class.
JPMorgan said weak crypto markets pressured fourth-quarter results, but backs Coinbase’s strategy of investing through the cycle and returning capital via buybacks.
Gold and other hard assets are rallying on dollar weakness, but bitcoin is lagging as markets continue to treat it as a liquidity-sensitive risk asset.
The delay of market structure legislation highlights a growing threat to domestic lenders as digital dollars begin to cannibalize traditional bank deposits.
Infrastructure gains and regulatory momentum are accelerating tokenization. A market structure bill is the missing link for the next phase of digital asset adoption.
The bank said the technology is shifting from experimentation to real-world deployment, with implications for capital markets, governments and global GDP.
Chainlink is a dominant software platform quietly powering stablecoins, tokenization, DeFi and institutional adoption across crypto, said Matt Hougan.
The investment gives BitMine exposure to consumer media and potential DeFi revenue streams, strengthening its treasury strategy beyond ether accumulation.
Regulatory clarity, tokenization and bank adoption will push crypto firms from balance-sheet accumulation toward real operations.
Bitcoin and ether are off to a strong start this year, and Bitwise says the path to new highs hinges on market stability, U.S. legislation and calm equities.
The bank said it is 'selectively constructive' on brokers and crypto companies heading into 2026.
U.S. market structure legislation is poised to be the dominant force for digital assets, while near-term concerns about quantum computing are overdone.
The bank said stablecoin growth is still mostly driven by crypto trading, and rising payments use may boost velocity more than supply.
The event marked a milestone that broadens the platform’s reach across new and traditional assets, the analysts said.
Bitwise CIO Matt Hougan said BTC is likely to hit all-time highs next year, with lower volatility and weaker equity correlations reshaping how institutions view the asset.
The bank said ETH-focused DATCOs have outperformed since Nov. 20 as risk appetite improved, mNAVs ticked up and staking-led strategies gained traction.
Digital-asset treasury plays that once traded at big premiums have fallen back toward net asset value.
Lower adjusted net asset value multiple means Strategy can no longer issue equity at a premium, threatening its long-term plan to accumulate more bitcoin, analyst Brett Knoblauch wrote.
Bernstein kept its Street-high $510 price target on Coinbase, citing strong fundamentals and product expansion.
The upgrade marks a sharper strategic turn for the blockchain, aligning protocol development with economic intent and strengthening the case for ether.
Bitcoin briefly revisted $93,000 after ETF inflows but analysts warn that onchain metrics signal uncertainty around price action.
The investment bank slashed price targets across so-called Datcos, citing sector-wide pressure and weaker accumulation trends.
The bank said billions in passive flows could unwind if MSCI removes Strategy from major equity benchmarks, heightening pressure on the bitcoin-levered firm.
The bank said USDC remains the frontrunner to dominate digital dollars as the company's third-quarter results topped forecasts.
The bitcoin miner turned AI infrastructure play has more than 50% upside, said the bank.
Citizens says blockchain deals are accelerating as firms buy rather than build to keep pace with regulatory clarity and customer demand.