Bitwise’s Matt Hougan says that post-October liquidation stability, the passage of the CLARITY Act and steady equities must happen before crypto hits new highs.
💡 DMK Insight
Bitwise’s Matt Hougan highlights a crucial juncture for crypto: stability post-October liquidations is key. With the CLARITY Act on the horizon and equities showing steadiness, traders should be cautious yet optimistic. If these conditions align, we could see a significant bullish trend. However, the market’s reaction to these legislative changes could be volatile, especially if the broader equity markets falter. Keep an eye on how Bitcoin and Ethereum respond to these developments, as they often set the tone for altcoins. If Bitcoin can hold above its recent support levels, it may pave the way for a rally, but any slip could trigger further sell-offs. The real story is whether the CLARITY Act will provide the regulatory framework that reassures institutional investors. If it does, we might see a surge in inflows, but if it stalls, expect a cautious market. Watch for key price levels in Bitcoin around its recent highs and the overall sentiment in equities as indicators for potential moves.
📮 Takeaway
Monitor Bitcoin’s support levels closely; a stable equities market and the CLARITY Act’s passage could trigger a bullish rally.






