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Kraken CEO: Bear Market Over as Bitcoin Breaks $80K
Kraken's Dave Ripley says the bear market is over as Bitcoin trades above $80,000, calling it the softest downturn in history.
09/11/2026 14:424 min read
Kraken co-CEO Dave Ripley has declared that the Bitcoin bear market is behind the industry, pointing to the resurgence above $80,000. He described the downturn as "the softest bear market in Bitcoin's history" during an appearance on the Bitcoin Magazine Podcast.
Ripley suggested that the period of lower prices is now over, saying, "that was the bear market" and that Bitcoin is "on our way out of it." He shared insights on how both retail and institutional clients are currently engaging with the cryptocurrency.
Interview Details
The conversation was hosted by Spencer Nichols, with Ripley representing Kraken as co-CEO. The discussion covered a range of topics including the nature of the current cycle, stablecoins, and Kraken's acquisition of a European bank.
Disclaimer: The views expressed belong to the participants and do not represent the official stance of BTC Inc., Bitcoin Magazine, or any affiliates. This content is for informational purposes only and does not constitute financial advice.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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