According to Bitwise CIO Matt Hougan, the crypto market is experiencing a significant downturn akin to previous winters in 2018 and 2022, with Bitcoin (BTC) dropping 39% and Ethereum (ETH) falling 53% from their highs. Institutional flows into ETFs have shaped market performance.
Hougan suggests that these crypto winters typically last around 13 months, yet the current downturn may have started as early as January 2025. However, he believes that the market is closer to recovery than decline, given ongoing advancements in regulation and adoption.
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