[Bitwise CIO: Bitcoin Price Shows 'Sluggish' Reaction to Recent Negative News, Suggesting a Potential Bottom] BlockBeats News, August 13 — Bitwise CIO Matt Hougan stated in an interview with Bloomberg that Bitcoin may have reached the bottom of the bear market. This is because recent negative news, such as the Coldcard wallet hack, Strategy company's Bitcoin sales, and setbacks in the advancement of the CLARITY Act, have not caused significant price drops. Hougan believes the market's disregard for bad news is a signal of the bear market's end. He predicts that institutional inflows, such as the approval of crypto ETFs on wealth management platforms, will serve as the next catalyst for an upward trend. [Original Link]