Overall, cryptocurrencies had a strong 2021 but a weak December, which causes worry about a "crypto winter." Coinbase's Q4 report beat analyst revenue predictions with $2.5B versus the $1.94B Refinitiv forecast. Many expect the current dip is due to recent concerns about crypto's energy consumption and macroeconomic factors like the omicron variant. Coinbase has urged shareholders to consider the exchange a long-term investment due to the volatility of the crypto exchange business.
Telling it like it is - Volatile isn’t even in the top 10 of our favorite things for something we own to be.