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Bitwise CIO Views Oct. 10 Crypto Crash as Stress Test, Not Structural Shift
Bitwise CIO Views Oct. 10 Crypto Crash as Stress Test, Not Structural Shift
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BTCCSquare news:
The sharp sell-off in digital assets on October 10 appears more akin to a market stress test than a fundamental regime change, according to Bitwise Chief Investment Officer Matt Hougan. In an October 14 memo, Hougan attributed the downturn to geopolitical tensions—specifically linking it to former President Trump's late-Friday threat of 100% tariffs on Chinese goods.
With traditional equity markets closed during the announcement, Hougan noted that crypto markets absorbed the brunt of immediate risk-off sentiment. The analysis suggests the sector demonstrated resilience, with no lasting infrastructural damage detected through Bitwise's three-question framework for evaluating market health.
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