Crypto Market Update: Coinbase Posts $667 Million Q4 Loss

The crypto market closed the week on a volatile note after Coinbase Global posted a $667 million Q4 loss, driven by a sharp decline in its investment portfolio and weaker trading activity.

Here’s a complete crypto market update as of 9:00 p.m. UTC on Friday (February 13), including price movements in Bitcoin, Ether, major altcoins, and the latest cryptocurrency market news.

Bitcoin (BTC) Price Update

Bitcoin (BTC) was trading at $68,987.01, up 5.2% over the past 24 hours.

What’s Driving Bitcoin?

A constructive outlook over the next three to six months depends on:

Gradual improvement in global liquidity
Moderation in bond yields
Steady exchange-traded fund (ETF) inflows

However, sentiment remains fragile. New research shared with Investors Center shows a sharp increase in retail investors considering exiting Bitcoin following its recent price decline. At the same time, the Crypto Fear & Greed Index is reflecting extreme fear, suggesting Bitcoin’s price may remain range-bound in the near term.

According to market analyst Tran, if financial conditions tighten further or liquidity stress intensifies, the market may need another washout to rebalance excess leverage. A sustainable recovery will depend on renewed confidence supported by consistent and durable capital inflows.

Ether (ETH) Price Update

Ethereum (ETH) was priced at $2,054.76, gaining 7% in the last 24 hours.

Ethereum followed Bitcoin’s rebound, although broader market sentiment remains cautious as investors assess macroeconomic risks and liquidity conditions.

Altcoin Price Update

Major altcoins also posted gains:

XRP (XRP) traded at $1.41, up 4.7%
Solana (SOL) traded at $85.01, up 10.2%

Solana outperformed the broader market, reflecting renewed interest in high-speed blockchain platforms during the latest recovery phase.

Today’s Crypto News to Know

Coinbase Posts $667 Million Q4 Loss

Coinbase Global reported a fourth-quarter net loss of $667 million, as falling crypto prices weighed on revenue and the value of its investment portfolio.

Key Financial Highlights

Revenue: $1.78 billion
22% decline compared to the same period last year
$718 million unrealized decline in investment portfolio
Shares down more than 55% over the past six months

The company attributed much of the loss to a $718 million unrealized drop in portfolio value, along with weaker transaction activity during the crypto downturn.

Despite the disappointing results, CEO Brian Armstrong emphasized that Coinbase remains deliberately well capitalized, holding $11.3 billion in cash and equivalents. He also noted that most retail customers are holding their assets rather than selling, even amid persistent volatility.

Bitcoin ETFs Lose $410 Million

Spot Bitcoin ETFs recorded $410 million in outflows on February 12, extending total withdrawals to nearly $1.5 billion over the past two weeks.

The largest outflows were seen from major institutional Bitcoin investment products.

Institutional investors appear to be adjusting positions as macroeconomic uncertainty continues to influence risk appetite. ETF flows remain a key indicator of Bitcoin’s short-term price direction.

Treasury Chief Pushes CLARITY Act as Crypto Sell-Off Deepens

Treasury Secretary Scott Bessent urged Congress to pass the Digital Asset Market CLARITY Act, arguing that regulatory clarity would help stabilize markets shaken by volatility.

Speaking before the Senate Banking Committee, Bessent said the bill would provide greater comfort to the market. However, the legislation has stalled due to disagreements over stablecoin yields, DeFi oversight, and token classifications.

Industry leaders have expressed concerns about certain aspects of the bill, while lawmakers highlighted unresolved issues related to illicit finance and national security risks tied to decentralized finance.

Regulatory clarity remains a crucial long-term factor for the crypto industry’s growth and stability.

HIVE’s BUZZ HPC Platform Secures $30 Million in AI Cloud Contracts

Hive Digital Technologies announced that its BUZZ High Performance Computing platform has secured approximately $30 million in AI cloud contracts over two-year fixed terms.

This initial deployment includes 504 liquid-cooled GPUs at its Canada West location in Manitoba. Compute capacity is expected to go live by March 31, 2026.

Once fully operational, this phase is projected to generate around $15 million in annual recurring revenue, raising total annualized HPC segment revenue to approximately $35 million.

The company aims to scale its HPC GPU AI cloud business toward roughly $140 million in annual recurring revenue over the next year, leveraging vendor financing and strategic partnerships. It continues to pursue a dual strategy combining traditional crypto mining operations with GPU-accelerated AI computing across facilities in Canada, Sweden, and Paraguay.

Final Thoughts

Although Bitcoin, Ether, and major altcoins posted short-term gains, broader challenges remain. ETF outflows, liquidity uncertainty, regulatory debates, and exchange earnings pressure continue to influence market sentiment.

The next phase of the crypto market will likely depend on improved liquidity conditions, steady ETF inflows, and a sustained return of investor confidence.