Kraken's 2026 IPO eyed as catalyst as Bitcoin lags its $126,000 October peak

On 24 December 2025, a potential 2026 IPO by Kraken was framed as a possible catalyst for fresh institutional inflows while Bitcoin struggled to recover after a late‑year setback. The asset remains below its October record above $126,000 following a roughly $19 billion liquidation, with opinions split between continued expansion and a cooler phase in 2026.