Bullish Shares Are Down 35% in the Past Month. Should You Buy the Dip in BLSH Stock?

Market Overview - The cryptocurrency market experienced a significant downturn, with the market cap decreasing by 3.8% to $3.42 trillion, resulting in a loss of nearly $130 billion [1] - Bitcoin (BTCUSD) fell below the $100K mark, closing at $94,859.63, down 3.9% [2] Federal Reserve and Economic Concerns - Expectations for a Federal Reserve rate cut have diminished, with only a 45.9% probability assigned to a 25-basis point cut in December [3] - The U.S. government's recent shutdown has raised concerns among economists regarding the potential loss of federal economic data [2] Company Performance: Bullish - Bullish (BLSH), a digital asset trading platform, saw its shares decline nearly 30% over the past month, reflecting the broader market trends [3] - Over the last three months, BLSH shares dropped 39.7%, with an additional 8% decline in the past five days [6] - Bullish operates a regulated trading venue and focuses on institutional clients, with a market cap around $6 billion [5] Comparative Analysis - The Fidelity Crypto Industry and Digital Payments ETF (FDIG) gained 11.5% over the past three months but experienced a 14.6% drop in the last five days, highlighting the volatility in the crypto sector [6]