{"id":147776,"date":"2025-01-28T09:00:16","date_gmt":"2025-01-28T07:00:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=147776"},"modified":"2025-01-28T03:24:57","modified_gmt":"2025-01-28T01:24:57","slug":"bitcoins-future-bright-despite-market-dip-says-bitwise-cio","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoins-future-bright-despite-market-dip-says-bitwise-cio\/","title":{"rendered":"Bitcoin\u2019s Future Bright Despite Market Dip, Says Bitwise CIO"},"content":{"rendered":"

Bitcoin<\/a> <\/strong>dropped below $100,000, while Ethereum<\/a> <\/strong>fell to $3,147, contributing to a 6% reduction in the total market cap, which now stands at $3.49 trillion. Broader financial market instability is seen as the driving force behind this downturn, impacting cryptocurrencies and traditional risky assets alike.<\/p>\n

Bitwise CIO Matt Hougan addressed<\/a> <\/strong>the situation, explaining that Bitcoin\u2019s performance often mirrors traditional markets, particularly the S&P 500. Historical data shows Bitcoin tends to drop slightly more than the S&P 500 during market pullbacks but demonstrates remarkable recovery potential, with average gains of 189% within a year following major declines.<\/p>\n

Meanwhile, stablecoin activity, especially with USDC<\/a><\/strong>, has increased, signaling cautious preparation from investors rather than active buying. Weak U.S. demand for Bitcoin, reflected in Coinbase Premium turning negative, underscores lingering hesitancy.<\/p>