ETH falls to 4-month low under $3K: Is the bull market over?

The likelihood of a Federal Reserve rate cut in December has dropped to 33%, down from 67% at the beginning of November, coinciding with a decline in Bitcoin's price below $89,000. This shift reflects a significant change in investor sentiment and market dynamics.

The 21shares Solana exchange-traded fund (TSOL) has launched with over $100 million in assets under management, indicating strong investor interest despite a challenging market environment. This debut comes at a time when the cryptocurrency sector is experiencing volatility, particularly with Solana's recent price fluctuations.

Bullish reported record revenue and profit for the third quarter; however, this strong performance did not positively impact investor sentiment, as the company's share price continued to decline.

Dave Portnoy's recent investments in XRP, BTC, and ETH have drawn attention, reflecting a growing interest in cryptocurrency among mainstream investors. His actions may influence market dynamics and highlight the potential volatility of digital assets.

Bitcoin is currently experiencing its largest correction of the bull market, with analysts indicating that the price is nearing a critical capitulation zone. This decline has raised concerns among investors, but some view it as a potential buying opportunity.

The second wave of Solana-based Exchange-Traded Funds (ETFs) has launched, with strong demand driving Solana's price recovery to $140. VanEck's new Solana ETF debuted on Nasdaq, waiving fees for initial assets under management. This development suggests a potential rebound for Solana amidst recent market volatility.

Crypto prices are experiencing volatility as Bitcoin has made a notable recovery, trading at $91,798 after previously dipping below the $90,000 mark. This resurgence comes after a significant drop that saw Bitcoin fall to around $90,700, marking a 25% decrease from its all-time high of over $126,000. Other cryptocurrencies like Ethereum, XRP, and Solana are also trading near critical support levels, indicating a tense market environment.

On Tuesday, Bitcoin (BTC) fell below $90,000, reaching its lowest price in seven months, resulting in over $1 billion in liquidations across the crypto market within 24 hours. Analysts from the Bull Theory noted that this decline was due to structured institutional selling rather than typical market pressure. Despite Bitcoin's downturn, altcoins have remained stable, indicating a divergence in market behavior during this period of volatility.