‘There’s not much downside left’ as Bitcoin price hovers around $92,000

Bitcoin’s brutal selloff may be nearly over. That’s the message from Bitwise chief investment officer Matt Hougan, who told investors that Bitcoin price is somewhere near the bottom of a six-month correction with “not much downside left.” “We’re in this uncomfortable bear market,” Hougan said in a December 3 panel with investors. “We’re in a six-month bottom phase, and somewhere in that period we’re close to the bottom.” Bitcoin was trading around $92,000 on Thursday, down more than 25% from its October ...