With Bitcoin At $94,000, Bitwise CEO Claims Crypto Has Endured A 6-Month Bear Market

Earlier on Friday, Bitcoin (BTC), the leading cryptocurrency in the market, retraced further toward the $94,500 mark, intensifying concerns about a potential bear market for the broader digital asset industry.  In light of this, Bitwise CEO Hunter Horsley made some thought-provoking remarks about the current market conditions, suggesting that a bear market cycle has been playing out for the past six months. New Bullish Phase Ahead For Bitcoin? In a post shared on social media platform X (formerly Twitter), Horsley emphasized the shift in market dynamics, stating, “We talk about four-year cycles, but the reality is that model is based on a bygone era of crypto.”  He pointed out that with the advent of Bitcoin exchange-traded funds (ETFs) and a new pro-crypto administration by President Trump, the landscape has evolved significantly.  Related Reading: By The Numbers: First Spot XRP ETF Achieves Record Launch Amid 900 Competitors “We’ve entered a new market structure,” Bitwise’s CEO expla