Here’s One Crypto Sector Quietly Going Parabolic Despite ‘Frustrating’ Bear Market, According to Bitwise
Crypto giant Bitwise says that parts of the digital asset ecosystem are experiencing “raging bull markets” despite underwhelming sentiment in the asset class at large.
In a new Q1 report, Bitwise chief investment officer Matt Hougan says that “frustrating” would be the best word to describe the first quarter of 2025, but that it was still “historically positive.”
Hougan notes that on top of surging stablecoin adoption and Bitcoin futures trading volume, the tokenization of real-world assets (RWAs) went parabolic in Q1.
“What caught my eye is that, despite the pullback in prices, parts of the crypto market are experiencing raging bull markets. For instance: Stablecoins AUM (assets under management) surged to an…
