Bitwise CIO says Q3 rebound may signal crypto market recovery

Bitwise CIO Matt Hougan said cryptocurrency prices and the on-chain transaction market grew sharply in the third quarter, suggesting the crypto market may have entered a recovery phase, according to Cointelegraph. He said that just three months ago, prices, on-chain activity and ETF fund flows were all weak, but key indicators have recently risen sharply, which he described as a sign typically seen when the crypto market enters a recovery phase. In the third quarter, U.S. spot BTC ETFs recorded $6 billion in net inflows, while the stock token market grew 65.5%.