Crypto winter began in January 2025, but end is near: Bitwise
The crypto market has been in a “full-blown” winter season since January 2025, following a 39% and 53% drop in Bitcoin (BTC) and Ethereum (ETH) prices from their all-time highs over the past few months, according to Bitwise Chief Investment Officer Matt Hougan.
In a note on Tuesday, the firm highlighted that the crypto market has seen increased adoption and positive regulatory developments in the past year, including a Federal Reserve (Fed) Chair nominee last week who is a Bitcoin supporter. However, these developments have failed to spur an extended crypto rally because “we are in the depths of a crypto winter.” “This is not a ‘bull market correction’ or ‘a dip.’ It is a full-bore, 2022-like, Leonardo-DiCaprio-in-The-Revenant-style…
