Bitcoin (BTC) is now nearly 50% below its all-time high set four months ago. And according to Bitwise Chief Investment Officer Matt Hougan, there is “never a single reason why the crypto market falls,” but rather multiple factors at work. Hougan believes there are six major drivers behind the downturn.
Bitwise CIO Says AI and Precious Metals Helped Spark Bitcoin Downturn, And Several Catalysts Could ‘Turn Things Around'
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Bitwise CIO Matt Hougan said AI and precious metals helped spark the Bitcoin downturn, identified six major drivers behind the decline and said several catalysts could 'turn things around'. Bitcoin is nearly 50% below its all-time high set four months ago.
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