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Cointelegraph by Brian Quarmby

Bitwise CIO says Q4 2025 showed signs of a crypto bear-market bottom

Bitwise chief investment officer Matt Hougan said in a report shared on Wednesday that the fourth quarter of 2025 showed mixed signals and may have marked a crypto bear‑market bottom. He compared the setup to early 2023, when prices climbed from around $16,000 to $98,000 by early 2025, and highlighted record Ethereum and layer‑2 activity, a stablecoin market cap above $300 billion, and rising DeFi usage.
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