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After Oct. 10 Crypto Crash, Bitwise CIO’s Three-Question Test Finds No Lasting Damage

In an Oct. 14 memo, Matt Hougan says about $20 billion was liquidated, no major firms failed, core tech mostly held, and clients stayed calm — signs the impact won’t last.

Crypto’s Oct. 10 plunge looks more like a stress test than a regime change, Bitwise Chief Investment Officer Matt Hougan wrote in his Oct. 14 memo .

Hougan links the sell-off to a late-Friday post from President Trump threatening 100% tariffs on Chinese goods; with equities shut, he wrote, traders …

 

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