Bitwise CIO Says AI and Precious Metals Helped Spark Bitcoin Downturn, And Several Catalysts Could ‘Turn Things Around’

Bitcoin (BTC) is now nearly 50% below its all-time high set four months ago. And according to Bitwise Chief Investment Officer Matt Hougan, there is “never a single reason why the crypto market falls,” but rather multiple factors at work. Hougan believes there are six major drivers behind the downturn source: https://dailyhodl.com/2026/02/16/bitwise-cio-says-ai-and-precious-metals-helped-spark-bitcoin-downturn-and-several-catalysts-could-turn-things-around