Bitwise CIO Matt Hougan believes $BTC may have already reached its bottom.
He points to Bitcoin’s ability to stay strong despite recent negative events, including the Coldcard hack and the delay surrounding the U.S. CLARITY Act.
The market has absorbed these setbacks without a major breakdown, suggesting selling pressure may be weakening.
The CLARITY Act delay adds more uncertainty around crypto regulation in the U.S., but Bitcoin continues to attract attention from institutions.
For Hougan, the key point is that Bitcoin is holding up even when the news is not favorable, which could be a sign that the market is becoming more resilient.
#BTC Above 60K# #BTC, is the correction enough?#
He points to Bitcoin’s ability to stay strong despite recent negative events, including the Coldcard hack and the delay surrounding the U.S. CLARITY Act.
The market has absorbed these setbacks without a major breakdown, suggesting selling pressure may be weakening.
The CLARITY Act delay adds more uncertainty around crypto regulation in the U.S., but Bitcoin continues to attract attention from institutions.
For Hougan, the key point is that Bitcoin is holding up even when the news is not favorable, which could be a sign that the market is becoming more resilient.
#BTC Above 60K# #BTC, is the correction enough?#