Wall Street Veteran Assures: Bitcoin's Drop Below $100,000 Is Not the Final Chapter, 'We Must Overcome This'

Bitcoin and Ethereum Market Trends: Bitcoin fell below $100,000 for the first time since July, with Ethereum dropping nearly 5% to below $3,200, while Solana experienced a 20% decline over the past week amid a broader crypto sell-off resulting in $1.7 billion in liquidations.

Institutional Investment in Solana: Bitwise Asset Management launched the Bitwise Solana Staking ETF, attracting $417 million in inflows within a week, highlighting strong institutional interest in staking-based returns and blockchain infrastructure.

Market Dynamics: The current market is characterized by a divide between retail traders facing liquidations and institutional investors who remain optimistic, with expectations of a market rebound by 2026 as professional investors accumulate assets at lower prices.

Future of Crypto ETFs: Bitwise anticipates more spot crypto ETFs, including those linked to XRP and diversified crypto-index funds, pending regulatory approvals, indicating a growing institutional appetite for crypto investment products.