Bitwise CIO says BTC may have already passed its bottom

Bitwise CIO Matt Hougan said Bitcoin may have already passed its bear-market bottom, citing the fact that the price has remained relatively resilient despite a string of negative developments, according to Bloomberg. In an interview with Bloomberg, Hougan said BTC has held up despite headwinds including the Coldcard wallet hack, delays to the CLARITY Act and Strategy's BTC sales, which he said suggests the market may have bottomed. Hougan added the next bull run is likely to be driven by capital inflows through large asset management platforms.