Bitwise CIO Claims Crypto Bottomed, Highlights HYPE and HOOD for Next Cycle

Matt Hougan cites 9% BTC gain vs Nasdaq drop and positive ETF flows as bottom signals. He identifies Hyperliquid and Robinhood as key integrators of TradFi and crypto for the upcoming bull market.

Woofun AI reports that Bitwise CIO Matt Hougan stated on X that the cryptocurrency market exhibits signs of having bottomed out. He noted that Bitcoin has appreciated by 9% since July 1, contrasting with a 6% decline in the Nasdaq 100 index, while ETF capital flows have shifted to positive territory. Hougan identified Hyperliquid (HYPE) and Robinhood (HOOD) as focal points for the next bull cycle, citing their integration of traditional finance with digital assets. He described Hyperliquid as a crypto financial application with genuine revenue and a robust token economy, while characterizing Robinhood as a leading firm building its business model around crypto technology.