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Bitcoin Surges 9% Since July 1 as Bitwise CIO Signals Market Bottom

Market Analysis Price Prediction Stocks

2026-07-23 01:32:07

BTC-1.42%

NDAQ1.06%

STABLE10.37%

HYPE1.14%

According to Bitwise CIO Matt Hougan, Bitcoin has surged 9% since July 1 while Nasdaq declined 6%, signaling potential market bottom as ETF inflows turn positive. Hougan identifies stable coins, tokenization, 24/7 trading and instant settlement as core growth drivers. He highlights Hyperliquid (HYPE), up 146% this year with 99% revenue directed to token buyback-and-burn, and Robinhood Chain, which attracted over $300 million in deposits within two weeks of launch and processed 3.6 million daily transactions supporting 120 countries.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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