‘Bitcoin Wants To Go Higher,’ Says Bitwise—But There’s A Catch
The post ‘Bitcoin Wants To Go Higher,’ Says Bitwise—But There’s A Catch appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. In an investor note dated April 15, 2025, Matt Hougan, the Chief Investment Officer (CIO) of Bitwise, shared an examination of Bitcoin’s recent trading patterns that may surprise both critics and supporters. “Bitcoin is acting like an asset that wants to go higher, if only macro obstacles would get out of the way,” he wrote. According to Hougan, Bitcoin’s price on April 14 hovered around $84,379, compared to $84,317 a month earlier—a minuscule change of 0.07% during a 30-day window. This flat performance emerged against the backdrop of two significant geopolitical events: the United States announcing the creation of a Strategic Bitcoin Reserve and President Donald Trump imposing sweeping tariffs on countries around the globe. The resilience that Bitcoin has shown during this period stands in stark contrast to the broader downward trend in traditional financial markets. Hougan pointed out that the S&P 500, which peaked on February 19, has lost 12.0% of its value, with Bitcoin down a comparable 12.4% since that date. He found this alignment astonishing, particularly because it departs from Bitcoin’s behavior during past market downturns. In the 2022 correction, for example, the S&P 500 slid 24.5% while Bitcoin plunged 58.3%. Similarly, at the onset of the COVID-19 crisis in early 2020, stocks fell 33.8% but Bitcoin sank 38.1%, and in late 2018, when escalating trade tensions between the United States and China dragged equities down 19.36%, Bitcoin declined 37.22%. This track record had historically…
Filed under: News - @ April 16, 2025 3:20 am