KEY POINTS:
Coinbase's stock rallied 14% to $189.28Company generated transaction revenue of $320 million in Q1Adjusted operating cash flow of $292 million in Q4
Coinbase Global, the crypto broker, reported its first quarterly profit since 2021, with earnings of $1.04 per share in Q4, a significant improvement from a loss of $2.46 per share the previous year. This positive financial performance led to a substantial increase in the company's stock, which more than doubled in the past six months. The stock rallied 14% to $189.28, adding more than $5 billion to the company's market value.
The company's revenue for the quarter ending on December 31 was $953.8 million, a significant increase from $629.1 million a year earlier. This increase in revenue was primarily driven by a surge in transaction revenue, which rose 45.3% in Q4 to $905 million from the previous quarter. Additionally, the company also saw an increase in subscription-and-services revenue, primarily due to blockchain rewards and steady fees as a custodian of crypto.
Coinbase's business model has thrived amid increased volatility and trading volumes. The company has seen positive flows from both retail and institutional segments, and has benefited from the launch of spot Bitcoin ETFs in January. The company served as the custodian partner for 8 of the 11 approved ETFs. Furthermore, the company expanded into 11 new markets and is making progress in developing its derivatives trading, which constitutes 75% of all crypto trading.
In the first quarter as of February 13, the company generated transaction revenue of $320 million, more than 60% of what analysts are expecting for the entire three-month period. This was primarily due to the increase in revenue, which rose 45.3% in Q4 to $905 million from the previous quarter. Coinbase produced an adjusted operating cash flow of $292 million in Q4, representing an operating cash flow margin of 32.3% for the quarter. The company's transaction revenue, which is over 50% of total revenue apart from subscriptions, is on par with and exceeding where it was with Q4 revenue.

#Bitcoin  , the biggest cryptocurrency by market cap, might be facing a critical situation as it struggles to reclaim the $52,000 level.
According to crypto analyst Ali, if BTC fails to break above this level soon, it could trigger an 8% correction that could send its price down to $48,000 or lower at $46,500.
According to data from TradingView, BTC has been trading in a narrow range for the past few days, since hitting highs of $52,890 on Feb. 15.
If #Bitcoin fails to quickly reclaim the $52,000 level, it might face an 8% correction, potentially dropping to between $48,000 and $46,500. At this price range, over 1 million addresses hold more than 544,870 $BTC , indicating significant support.
According to Ali, if Bitcoin fails to quickly reclaim the $52,000 level, it could trigger a wave of selling pressure that could push its price down to the next support zone at $48,500 or even to $46,500. This price range represents a strong demand zone, as over 1 million addresses bought more than 544,870 BTC, indicating significant support.
At the time of writing, BTC was trading down 0.06% at $51,736.
Catalysts that might impact BTC price
On-chain analytics firm IntoTheBlock, in a recent analysis, presents key factors that might impact the BTC price in the days ahead.
The Bitcoin price is currently 24.78% away from its all-time high of $69,000 set in November 2021, however, bullish catalysts continue to line up.
According to IntoTheBlock, big catalysts on the horizon that might propel BTC to all-time highs before the summer include halving, ETFs and easing.
The Bitcoin halving is scheduled to take place in mid-April 2024. In it, the amount of rewards granted to miners per block is halved from 6.25 BTC to 3.125 BTC. In terms of Bitcoin's price, a swift recovery in the hash rate would help ensure the security of the Bitcoin blockchain and hence positively impact the price.
Another catalyst for Bitcoin is likely to be the continuation of inflows coming from spot ETFs. Just a month after their inception, the Bitcoin ETF products have seen over $4 billion in new inflows.
This could result in increased demand for Bitcoin while supply issuance decreases following the halving, creating a potentially explosive dynamic for Bitcoin's price.
#Write2Earn #TrendingTopic

✨ Exactly 3 years ago this week, the 1st #Bitcoin   spot #ETF officially went live in Canada 🇨🇦Combined, all public ETFs now own 700,000 $BTC worth $36,000,000,000That's 3% of all the Bitcoin that will ever be 🚀 #Write2Earn #TrendingTopic

His picks range from Low Risk to High Risk (10-50x Potential)

Here are all 32+ projects @ZssBecker talks about:👇
_____________________

1. $AVAX - @avax

"Avax is a really really strong narrative. I think it can get to a $50 Billion Market Cap. Thats around a 3-5x from here"

2. $LINK - @chainlink

"It's the most useful crypto in all of cryptos. I can only see this doing a 3-5x from here"

3. $IMX - @Immutable

"This thing is absolutely run if we go into the Bull. It has a chance of doing a BNB-like run"

4. $BEAM - @BuildOnBeam

"I think that this is probably going to be one of the strongest coins this bull because its new. This thing can run like an absolute maniac. Everything is gonna be using BEAM"

5. $SUPER - @SuperVerseDAO

"Super is just a parent. It has been one of my largest holdings since forever. I believe it has the potential to go to IMX levels. It has limitless potential"

6. $PRIME - @EchelonFND

"Very strong narrative around it and could go absolutely nuclear"

7. $OAS - @oasys_games

"Also has a very strong narrative around it"

8. $SFUND - @SeedifyFund

"I think that this is going to do really well. It is the biggest gaming launchpad in the space"

9. $BYTES - @NeoTokyoCode

"I am the founder of BYTES. It is going to do really well if there's a bull run"

10. $PAID - @paid_network

"This is going to do really well because the demand for IDOs is just strong"

11. $PYR - @VulcanForged

"It has a great narrative. It did really well last run and I think that it will do really good this run. It has the ability to go much higher"

12. $NAKA - @NakamotoGames

13. $WAGMI - @WagmiGameCo

"I think WAGMI has a really strong place"

14. $MYRIA - @Myria

"I think that this game is really undervalued right now. I think this can be way more than a 10-15x from here"

15. $VRA - @verasitytech

"VRA is a really strong coin it deals with advertising if gaming content. I think advertising is super undervalued right now"

16. $ALU - @AlturaNFT

"I think it's really just being overlooked right now. And I think its going to go to a very very high market cap and pull 10-15x from here"

17. $MAVIA - @MaviaGame

"Our bet here is that it's gonna be the next Axie. It has a lot of players its probably one of the most downloaded games right now"

18. $BIGTIME - @playbigtime

"This is another super strong contender and something you should definitely consider putting in your portfolio"

19. $SHRAP - @playSHRAPNEL

"It has a pretty nasty fully diluted market cap. I think its a little underrated right now"

20. $SIDUS - @galaxy_sidus

"Sidus is another strong contender and it has a lot of attention in this space. It has a launchpad and a lot of burning of the token that's going on."

21. $CROWN - @photofinishgame

"This is just a horse racing simulator that has the NFT part of it absolutely nailed. I think that this is absolutely going to be stupidly huge"

22. $BCB - @BCBerc20

"This is my biggest bet when it comes to sports betting. I think the narrative around gambling is so strong that this will do really well"

23. $RDT - @ridotto_io

"It allows people to build their own crypto gaming gambling. That's just nasty"

24. $AKT - @akashnet_

25. $PAAL - @PaalMind

"PAAL is my absolute favorite out of the AI list"
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UPCOMING PROJECTS:

26. Gunzilla - @GunzillaGames

27. Bloodloop - @BloodLoopGAME

28. Pixelmon - @Pixelmon

29. Chronoforge - @playchronoforge

30. Monad - @monad_xyz

31. Rumblekongs @RumbleKongs

32. Treeverse - @TheTreeverse

33. My Pet Hooligan - @mypethooligan

34. DOP - @dop_org
#Write2Earn #TradingAdvice #TrendingTopic #BTC #altscoins

$BTC How high could the #Bitcoin price go this cycle? What about next cycle?No one knows. But @Excellion and @dotkrueger have both recently predicted $1m as a target for #BTC this cycle. Does that sound crazy? I don't think so. I decided to get some perspective by zooming out and taking a 10-year view of the price of #Bitcoin using weekly candles. What's clear is that #Bitcoin is in the same long-term uptrend since 2013 as defined by the channel below. All price action since 2013 is contained within the boundaries of this long-term channel. Where could prices go if #Bitcoin starts heading toward the upper trend line in the long-term channel, as it has done after every previous halving? The price seems to be breaking out on the daily right now. Where's it heading? The long-term trend can give us a glimpse into what sort of price levels we might expect, assuming the current trend remains intact. On the chart below, notice how BTC is crawling up the lower trend line just like it did in 2015 and 2016 before it blasted across the channel in 2017 and culminated in a $20,000 blow off top. It's doing EXACTLY the same thing now. Bitcoin did a 100x that cycle. It would take a 40x to cross the channel from here and reach the upper trend line by winter 2025.Blow off tops marked the peak of the 2013 and 2017 bull runs. But 2021 was cut short. If #BTC makes up for that by reaching the upper trend line 18 months after the halving in another blow-off top, we'd reach $2m per coin this in fall/winter 2025, and more than $20m per coin in 2029. NO ONE Is expecting that, which is why it might happen. 👀 👇#Write2Earn #TrendingTopic #BTC #WLD

$BTC
GBTC sending 4,017 Bitcoin to Coinbase premium ($209m).

Likely they are coming from Genesis selling the GBTC shares. I read that they have to rebuy Bitcoin and give to the customers, therefore it should be a neutral effect.

Obviously the Genesis/Gemini customers could sell the Bitcoin they receive but I think only a small portion will be sold.
#Write2Earn #BTC #gbtc #TrendingTopic

$BTC
Now that we are five an half weeks after the #BitcoinETFs. started to trade, it is time to evaluate also the weekly chart, considering the daily average per week (for a better comparison).

In the upper chart we have the ETFs daily average per week of The Nine Inflow. We notice that after the first two solid weeks we had a downtrend for three weeks, reaching the $300m-$350m inflow per day. This week there has been a significant increase, and we almost reached an average of $600m daily inflow.

In the lower chart we have the ETFs daily average per week of Net Inflow, including The Nine and GBTC. This is even more fascinating. We notice a solid start in the first two days ($400m daily Inflow), then a downtrend that brought even an net Outflow in WK4 (the week when GBTC was selling $500m-$700m per day) and then un uptrend from there, reaching an average net daily net inflow of $140m in WK5, of $238m in Wk6 and of $453m in Wk7. A very beautiful uptrend!

#ETFsApproval #BTC‬ #Write2Earn‬ #TrendingTopic

$LUNC
A peek at the price chart takes us on a journey through its turbulent past, showing us that LUNC isn't a stranger to the stormy waves of market volatility. The chart is speaking in patterns, and for those who know the language, it's whispering 'accumulation'—a term that gets traders' hearts racing.
In the world of crypto, accumulation is the calm before the storm of a market upswing, where the price doesn't make big moves, but the vibes are positively bullish.
We've spotted not one, but two circles on the chart that shine a spotlight on this accumulation action. Picture a beach before the wave hits; that's where we see the price of LUNC hanging out, gathering strength. It's like the market is holding its breath, and the traders, they're getting ready to dive in, hoping to catch the wave.

Now, the word on the street (or in this case, the chart) is that LUNC could be gearing up for a price pop within the next week and a half or so. It's as if history is hinting at a repeat performance.
But here's the thing—cryptocurrency can be as unpredictable as the weather. While these patterns can give us a heads-up, they're not a pinky promise from the market.
So, if you're feeling the thrill of the potential LUNC lift-off, just remember to strap on your seatbelt. Stay smart, stay savvy, and don't put all your eggs in one basket.
#Write2Earn #LUNC\USDT #LaserEye #LunaArmy #LuncToTheMoon

When two hours left to trade, the increasing selling pressure was notable checking the Volume status.
GBTC leading the game with $356m, followed by IBIT at $330m.
Good that the Genesis sell off started. The earlier it starts, the earlier it finishes

#Bitcoin #Write2Earn