Odds of December Fed rate cut plunge to 33% as BTC falls below $89K

Anchorage Digital Bank has partnered with Mezo to integrate BitcoinFi tools into its custody platform, enabling institutions to borrow against Bitcoin (BTC) in a compliant manner. This collaboration aims to enhance institutional access to Bitcoin-backed loans, providing a structured path for financial entities to leverage their BTC holdings.

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 Bitcoin market is poised for significant movements as key events unfold, including Nvidia's earnings report, the Federal Reserve's minutes, and upcoming payroll data. Analysts are closely monitoring these developments, which could influence Bitcoin's price trajectory and overall market sentiment.

US Bitcoin ETFs are experiencing significant outflows nearing $3 billion in November, with BlackRock leading the trend with record outflows of $523 million. This decline is attributed to a fresh death cross in market indicators, diminishing expectations for Federal Reserve rate cuts, and a general negative sentiment among investors.

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.