Bitwise CIO Compares Current Crypto Market to 2018 Bear Slump
Bitwise's Chief Investment Officer stated that current crypto market conditions resemble the 2018 bear market, warning that the slump may persist.
The cryptocurrency market is showing structural similarities to the 2018 bear market, according to Bitwise's Chief Investment Officer in a report published by bloomingbit.
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The Bitwise CIO noted that current market behavior reflects patterns observed during the prolonged downturn of 2018. The executive cautioned that the ongoing market slump may persist as broader pressure continues to affect digital assets.
Key facts
- Bitwise's Chief Investment Officer stated that the crypto market resembles the 2018 bear market.
- The executive warned that the current market slump could persist longer.
- The comments come amid widespread market weakness across digital assets.
Source: news.google.com
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