Bitwise CIO: Crypto Market Has Bottomed, New Bull Run Focus on HYPE and HOOD

Odaily Odaily reported that Bitwise Chief Investment Officer Matt Hougan posted on platform X, stating that the crypto market has shown signs of bottoming out. Since July 1st, Bitcoin has risen by 9%, while the Nasdaq 100 Index has fallen by 6%. ETF fund flows have turned positive, and market sentiment is also improving.

He also stated that the new bull run in the crypto market should focus on Hyperliquid (HYPE) and Robinhood (HOOD), as they are exemplary cases of combining traditional finance and cryptocurrency. Hyperliquid is a crypto financial application with real revenue and a solid token economic model, while Robinhood is an established company that has excelled in building businesses on crypto technology.