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Crypto Is No Longer the ‘Belle of the Ball,’ Warns Bitwise’s Matt Hougan
Jun 3, 2026
< 1 min read
by Chayanika Deka
for CryptoPotato
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Bitwise Chief Investment Officer Matt Hougan said the “brutal” cryptocurrency market is no longer the “belle of the ball,” as digital assets are increasingly becoming a contrarian investment.
In his latest memo, Hougan flagged three factors influencing the market, beginning with crypto’s struggle to attract investor enthusiasm as prices remain under pressure and momentum fades.
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