Bullish posts record Q3 earnings, but shares keep sliding

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.

Kraken's parent company has taken a significant step towards an initial public offering (IPO), aiming to join other cryptocurrency firms like Circle, Gemini, Bullish, and Figure Technologies. This move comes amid a volatile market, indicating Kraken's commitment to growth despite industry challenges.

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.

Crypto exchange Kraken has successfully raised $800 million through two funding rounds, elevating its valuation to $20 billion. This significant financial boost is expected to support Kraken's expansion plans in the competitive cryptocurrency market.

Bitcoin has historically shown average gains in November; however, analysts caution that these figures may be 'skewed.' A crypto executive advises market participants to be cautious in relying on these statistics, suggesting that they may not accurately reflect the true market conditions.

Bitcoin has recently shown weakness, reflecting broader economic stress. However, improving liquidity conditions and a positive outlook from investors for 2026 may pave the way for a potential recovery. Analysts are closely monitoring market dynamics as Bitcoin's price fluctuates amid macroeconomic uncertainties.

Charts and on-chain data indicate that Solana (SOL) may have reached a bottom at $130. Analysts are now considering whether traders should expect a rebound towards $200. This potential recovery could signify a shift in market sentiment for SOL, which has faced volatility in recent months.