With Bitcoin At $94,000, Bitwise CEO Claims Crypto Has Endured A 6-Month Bear Market — TradingView News
Earlier on Friday, Bitcoin (BTC), the leading cryptocurrency in the market, retraced further toward the $94,500 mark, intensifying concerns about a potential bear market for the broader digital asset industry.
In light of this, Bitwise CEO Hunter Horsley made some thought-provoking remarks about the current market conditions, suggesting that a bear market cycle has been playing out for the past six months.
New Bullish Phase Ahead For Bitcoin?
In a post shared on social media platform X (formerly Twitter), Horsley emphasized the shift in market dynamics, stating, “We talk about four-year cycles, but the reality is that model is based on a bygone era of crypto.”
He pointed out that with the advent of Bitcoin exchange-traded funds…
