Svmuu reported that Bitwise Chief Investment Officer Matt Hougan stated that despite strong U.S. employment data, not only cryptocurrencies but almost all asset classes are currently weakening overall, while value-style sectors are performing relatively firmly. There is market concern that several upcoming large-cap tech IPOs may mark a temporary peak for the current tech stock rally. This sentiment may continue to ferment over the next few weeks, but he believes it does not mean the tech rally has peaked in the long term.