Bitwise CEO Matt Hougan has downplayed the recent crypto crash, hinting at a long-term recovery for Bitcoin (BTC ($104,495.95)) and Ethereum (ETH ($3,262.28)). The crypto downtrend wiped billions off the market cap as traders moved with whales dumping assets. On a positive note, crypto traders have pointed to upward metrics backing a higher price target after the short-term correction.

Matt Hougan Cites Historical Patterns

Despite the crypto crash, Matt Hougan explained that nothing has changed about the market, describing a short-te...