Bitcoin Declines Following Jerome Powell's Neutral Remarks; Ethereum, XRP, and Dogecoin Also Drop: Analyst Predicts BTC Could Reach $100,000 Under Certain Conditions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2025
0mins
Should l Buy COIN?
Source: Benzinga
Cryptocurrency Market Reaction: Leading cryptocurrencies, including Bitcoin and Ethereum, experienced declines following Federal Reserve Chair Jerome Powell's comments, which dampened expectations for rate cuts in 2026. Bitcoin fell to around $91,244.67, while Ethereum dropped to $3,310.83.
Market Liquidations and Open Interest: Cryptocurrency liquidations reached $390 million in 24 hours, with a significant portion from long positions. Bitcoin's open interest decreased by 0.10%, reflecting a 38% drop since its all-time high on October 7.
Stock Market Performance: The stock market saw gains, with the Dow Jones Industrial Average rising by 497.46 points after the Federal Reserve cut the federal funds rate by 25 basis points, although Powell indicated that further rate hikes were unlikely.
Analyst Predictions for Bitcoin: Analysts suggest that Bitcoin needs to maintain a support level of $91,800 to potentially rally towards $100,000, with volatility expected following the Fed's rate cut decisions.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 210.230
Low
230.00
Averages
361.63
High
440.00
Current: 210.230
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the cryptoeconomy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Inflation Data Surpasses Expectations: The US February Producer Price Index (PPI) rose by 0.7% month-over-month and 3.4% year-over-year, exceeding forecasts, which suggests persistent price pressures that may influence the Federal Reserve's monetary policy decisions.
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- Oil Price Volatility: WTI crude oil prices swung more than 2% due to Iran's attacks on neighboring countries, which could lead to further increases in global oil prices, impacting cost structures and profit margins in related industries.
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- Market Decline: The S&P 500 Index fell by 1.36%, and the Dow Jones Industrial Average hit a 3.75-month low, indicating a decline in investor confidence due to rising inflation concerns that could impact future market performance.
- Inflation Data Surpasses Expectations: The US February Producer Price Index (PPI) rose by 0.7% month-over-month and 3.4% year-over-year, exceeding forecasts, which suggests persistent price pressures that may influence the Federal Reserve's monetary policy decisions.
- Energy Price Volatility: Crude oil prices have become more volatile due to Iran's attacks on neighboring countries, with the IEA warning that the conflict could disrupt global oil supply by 8 million barrels per day, further heightening inflation expectations.
- Mortgage Applications Decline: US MBA mortgage applications fell by 10.9%, reflecting weakened home-buying demand, while the average 30-year fixed mortgage rate increased to 6.30%, potentially hindering the recovery of the housing market.
See More
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- AI Payment Priority: Coinbase is developing AI agents for executing cryptocurrency trades and creating a marketplace and wallets, with Chief Business Officer Shan Aggarwal stating this is a top priority, aiming to monetize through infrastructure provision to find new growth avenues amid market downturns.
- Stablecoin Competition: Coinbase is competing with Zerohash and others to issue a new stablecoin for Cloudflare, which is expected to become a hub for agent-based traffic due to Cloudflare's critical role in web traffic and cybersecurity management, potentially opening new business opportunities for Coinbase.
- Financial Pressure Intensifies: Coinbase's Q4 revenue fell 21% year-over-year to approximately $1.8 billion, missing analysts' expectations of $1.83 billion, highlighting the vulnerability of its primary cryptocurrency brokerage business during market downturns and increasing stock price pressure.
- Market Sentiment Turns Bearish: With Bitcoin prices continuing to decline, Coinbase's shares have dropped 11% so far in 2026, and retail investor sentiment has shifted to a bearish outlook, reflecting concerns about the company's future performance.
See More
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- Market Decline: The S&P 500 fell 1.36% and the Dow Jones dropped 1.63%, both hitting new closing lows for 2026, indicating investor concerns about economic prospects that could lead to decreased market confidence.
- Fed Rate Decision: The Federal Reserve voted 11-1 to maintain the benchmark interest rate at 3.5%-3.75%, despite higher-than-expected inflation, reflecting a cautious optimism about economic growth that may influence future monetary policy directions.
- Oil Price Volatility: WTI crude oil prices swung more than 2% due to Iran's attacks on neighboring countries, which could lead to further increases in global oil prices, impacting cost structures and profit margins in related industries.
- Producer Price Index Rise: The US February PPI rose 0.7% month-over-month and 3.4% year-over-year, exceeding market expectations, indicating persistent price pressures that may prompt the Fed to adopt a tighter monetary policy in the future.
See More
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- AI Payment Infrastructure: Coinbase is building infrastructure that allows AI agents to make payments, aiming to profit by providing the necessary framework for these agents, indicating a strategic move into the cryptocurrency payment sector.
- Development of AI Trading Agents: The exchange is also developing AI agents for executing crypto trades, along with a marketplace and wallets, which is intended to enhance trading efficiency and attract more users to the crypto market.
- Stablecoin Utilization: Coinbase hopes that these AI agents will utilize USDC stablecoins and its Base blockchain, further promoting the use of stablecoins in crypto transactions and enhancing its competitive position in the market.
- Market Environment Challenges: This push into payment infrastructure comes amid a broader downturn in the cryptocurrency market, with Coinbase's strategy aimed at leveraging innovative technology to navigate market challenges and seek new revenue streams.
See More
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- Staking Scale: Bitmine currently holds 3,040,515 ETH in staking, valued at approximately $6.6 billion, which underscores its significant position within the Ethereum ecosystem and is expected to enhance its market influence further.
- Investment Expansion: Bitmine has increased its investment in Eightco to $80 million to facilitate ORBS's $50 million acquisition of OpenAI shares, a move that not only diversifies Bitmine's investment portfolio but also has the potential to yield future revenue growth.
- Liquidity and Valuation: Bitmine's total assets, including 4.596 million ETH and $1.2 billion in liquidity, amount to $11.5 billion, indicating strong liquidity and financial health in the cryptocurrency market, further solidifying its position as an industry leader.
- Institutional Support: Bitmine is backed by top institutional investors, including Cathie Wood of ARK, which not only boosts market confidence but also provides robust financial backing for its future growth strategies.
See More
Illinois Primary Results Impact Crypto PACs Significantly
- Crypto PAC Setback: Fairshake, which spent over $10 million opposing Illinois candidate Juliana Stratton, saw its efforts fail as she won the primary and is expected to take office next year, highlighting the limitations of financial influence in politics.
- Democratic Candidate Victory: Stratton's primary win, despite her 'F' rating from Stand With Crypto, indicates that her opponents could not effectively sway voters, potentially leading to challenges for the regulatory framework favored by the crypto industry.
- Other Candidates' Success: Fairshake-backed candidates like Nikki Budzinski and Melissa Bean also won their respective primaries, further solidifying Democratic dominance in deep-blue districts, which may impact future legislative agendas.
- AI PAC Wins: Similar to Fairshake, the AI industry PAC achieved some victories in the primaries, with supported candidates likely to advocate for favorable regulations for crypto and AI companies, demonstrating the potential political influence of industry PACs.
See More
