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

Odaily Odaily Bitwise Chief Investment Officer Matt Hougan posted on X platform, 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 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 models combining traditional finance and cryptocurrency. Hyperliquid is a crypto-financial application with real revenue and a sound token economic model, while Robinhood is an outstanding existing company building its business on crypto technology.