#bitwise Tech News.
3 stories in the last 7 days
The latest bitwise news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks bitwise across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Bitwise's Dragosch forecasts up to 20% further downside for bitcoin. The analyst puts the 'max pain' scenario at $48,000. The projection signals continued bearish pressure on the cryptocurrency's price.
Bitwise's Matt Hougan reported that financial advisors are more interested in stablecoins and tokenization than Bitcoin. He noted it was "pretty hard to engage with advisors on Bitcoin" during recent discussions, highlighting a shift in advisor focus toward other crypto sectors.
Bitwise research says Bitcoin leads broader risk-off moves, acting as a "canary in the macro coal mine" before traditional markets. BTC hit a cycle low of $58,000 and Ether $1,507 as global assets faced pressure. The Nasdaq fell 5% in a day, and South Korea's KOSPI triggered a trading halt.
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