Bitwise CIO Assesses Impact of Record Liquidations on Crypto Market’s Long-Term Trend
The recent crypto market crash will not affect the long-term bullish trend, according to Matt Hougan, Chief Investment Officer at Bitwise, in his analysis.
He stated that the decline was triggered by cascading liquidations rather than fundamental issues.
The sharp movement began following Donald Trump’s announcement of a potential 100% tariff on Chinese goods. Traders reacted by selling off in the crypto market as stock exchanges were closed.
Bitcoin’s price fell by 15%, and some altcoins, like Solana,…
