Bitwise CIO Matt Hougan sees the crypto market nearing a bottom amid retail exhaustion, while Senator Cynthia Lummis urges U.S. banks to integrate digital assets into the financial system.
Bitcoin price has recovered to above $109,000 after a volatile October marked by a failed “Uptober” rally, Fed-driven risk aversion, and U.S.–China trade tensions.
Bitcoin climbs 4.42% to reach $88,300, outpacing the Nasdaq and hitting new highs alongside gold. Major corporate purchases from Strategy and Metaplanet signal sustained demand.
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