Bitcoin, passing through the mildest bear market... Kraken co-CEO says "already escaping it"

Kraken co-CEO Dave Ripley said bitcoin has already passed through what he called its mildest bear market and is now exiting it, pointing to the token's recovery above $80,000 as evidence of shifting market conditions. Speaking in a Bitcoin Magazine interview on November 8, Ripley acknowledged that bitcoin's four-year cycle would traditionally place it mid-bear market, but argued actual sentiment diverges from that model. He cited growing adoption of crypto technology by financial institutions as a supportive signal alongside the price rebound. Ripley cautioned that further price pullbacks remain possible even as the market turns. Investors will watch whether bitcoin holds the $80,000 level and whether institutional integration continues to accelerate.