Bitwise CIO Outlines Three 2026 Checkpoints For Bitcoin, Ethereum And Dogecoin Rally

At the start of 2026, Bitwise CIO Matt Hougan noted that Bitcoin and Ethereum were each up 7% year-to-date as of Monday, January 5, while Dogecoin had climbed 29% over the same stretch. In a January 6 memo, he argued that whether this early move in crypto becomes a lasting advance depends on avoiding a repeat of the October 10, 2025 liquidation shock, the progress of the CLARITY Act in Congress, and the stability of U.S. equities. He labeled the systemic-risk issue a green light, while treating both the legislative path and the stock market backdrop as yellow lights that could still shift in either direction.