Bitcoin Price Plummets Amid Geopolitical Tensions

The Bitcoin price has been impacted by a range of factors including geopolitics and economic concerns. The recent drop of over 30% from its yearly high has left investors wondering about the future of the cryptocurrency.

According to Bernstein analysts, the current market weakness is expected to persist until Q1 earnings reports are released. This could mean that Bitcoin prices may continue to fall in the coming weeks.

Despite this, the analysts maintain 'outperform' ratings for Coinbase, Robinhood, and Figure, citing their strong business fundamentals despite the recent downturn.