The cryptocurrency market experienced a significant drop, with the market cap shrinking by 3.8% to $3.42 trillion, wiping out nearly $130 billion. Bitcoin (BTCUSD) fell below $100K, ending the latest session down 3.9% at $94,859.63. Bullish (BLSH), a digital asset trading platform, saw its shares slump nearly 30% in the past month. Despite the market shakeout, BLSH maintains a premium valuation and confidence in its long-term ambition. The company recently reported strong Q2 earnings, with adjusted revenue at $57 million, subscription services revenue up 27.4% YoY, and net income of $108.3 million. Analysts expect the stock to rebound, with a consensus rating of “Moderate Buy” and a price target of $61.30, indicating a potential upside of 58%.

Read more at Barchart: Bullish Shares Are Down 35% in the Past Month. Should You Buy the Dip in BLSH Stock?