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Crypto

Bitwise CIO says STRC plunge may signal bitcoin bottom; fall rally possible

Matt Hougan, chief investment officer at Bitwise, said a sharp drop in Strategy preferred stock STRC could be a sign the bitcoin market is forming a bottom. He said the structure supporting STRC is becoming harder to sustain after bitcoin fell below $60,000, raising doubts about dividend capacity. Strategy changed its framework for STRC this week. Hougan said indicators suggest the shift from greed to fear is nearing an end.

Crypto

Prediction markets price Bitcoin at $55,000 and Ethereum at $1,500 before rebounds

Prediction-market pricing is increasingly tilting toward further declines in Bitcoin and Ethereum. Participants are putting higher odds on Bitcoin reaching $55,000 before recovering to $80,000, and on Ethereum falling to $1,500 before regaining $3,000. Recent price moves have aligned with that view. Market anxiety has also spread to Strategy and its STRC product, with investors focused on whether prolonged weakness could trigger funding pressure and forced Bitcoin sales.

Crypto

Crypto market resembles post-dotcom bubble era, Bitwise CEO sees winner-takes-all cycle

Hunter Horsley (헌터 호슬리), CEO of Bitwise, likened the current cryptocurrency market to a winner-selection phase after the internet bubble burst, and said the next market cycle could see money concentrate in proven projects. He said that during the dotcom era many companies won lofty valuations, but only a few survived after the collapse. He added that winners may be fewer, but could grow bigger and longer than expected.