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

In a recent memo, Bitwise's CIO Matt Hougan reassured investors following the October 10 crypto crash, noting that while around $20 billion was liquidated, no major firms collapsed and the core technology remained stable. This indicates that the market's impact may not be long-lasting, and clients have maintained their composure. This is significant as it suggests resilience in the crypto sector, potentially restoring confidence among investors.