Bernstein: Despite the weak price movement of Crypto Assets, crypto companies are still performing strongly.

According to Theblock, Bernstein stated that despite the ongoing weakness in the Crypto Assets market and the search for a bottom, operating companies are executing "transformational" changes that were not seen in previous market adjustments. Analysts pointed out that examples of these business model shifts include Coinbase's continually expanding product stack, token issuance activities, and emerging consumer applications. Bernstein believes that although the Crypto Assets market price movement appears weak, the operating companies in the Crypto Assets space "look strong."