<ul><li>Bitcoin and Ethereum rose following a 50-basis point Fed rate cut, with ETH gaining 3.42%.</li><li>Despite recovery, Ethereum’s annual low in early September marks ongoing volatility.</li><li>Criticism and regulatory concerns persist, yet Ethereum retains major corporate backing and a significant role in stablecoins and DeFi.</li><li>Bitwise’s Hougan says Ethereum is comparable to Microsoft, fundamentally robust and expansive.</li></ul>

Is ETH a ‘Contrarian Bet’? Bitwise CIO Says Don’t Write Off the ‘Microsoft of Blockchains’ Just Yet

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