#crypto-market

#crypto-market

Bitwise CIO Matt Hougan says the crypto market may be nearing a turning point as retail exhaustion deepens and institutional demand quietly builds. Appearing on CNBC, Hougan - who oversees $12 billion in assets at Bitwise - said retail sentiment is at "maximum desperation" following months of liquidations, leverage blowouts, and yield protocol failures. "It's hard to find a crypto native investor who still has much enthusiasm," he said. "That market is close to a bottom."

Blockchain lender Figure Technology is the latest crypto company to go public. On Thursday, Figure debuted on the Nasdaq after raising $787.5 million in its IPO. The company's shares listed at $25 but soared almost 30% to trade at $32 Thursday afternoon. That means the company, whose ticker is FIGR, is trading at about a $6 billion valuation. Founded in 2018, Figure's business centers around putting mortgages on the blockchain, which the company says speeds up the granting and funding of home loans.

XRP's breakthrough above $2.65 after completing a cup-handle pattern has improved market sentiment and led to significant capital inflows.

The Crypto Fear and Greed Index is widely regarded as overhyped, often misused by traders who rely on emotional market signals rather than concrete data.

Ninja is proving 2025 is the year of AI agents. Outpacing OpenAI, Google, and others in tackling hallucinations, millions rely on it for coding, writing more.