BitMEX co-founder Arthur Hayes has forecasted a significant crypto asset firesale, driven by the upcoming Bitcoin (CRYPTO: BTC) halving and the Federal Reserve’s strategies.
What Happened: Hayes predicts a volatile period for cryptocurrencies in the latter half of April. He suggests that the Bitcoin halving and the Federal Reserve and Treasury’s strategies could fuel a massive crypto asset firesale, potentially depressing the market for several weeks. Hayes wrote this in a blog post on Apr. 8.
Hayes suggested that while the Bitcoin halving could boost prices in the medium term, it could also negatively impact crypto prices immediately before and after the event. He believes the halving is timed for when “dollar liquidity is tighter than usual.”
“… I believe Bitcoin and crypto prices in general will slump around the halving […] It will add propellant to a raging firesale of crypto assets,” Hayes said.
See Also: Is Shibu Inu Set To Skyrocket? Social Buzz And Token Burns Fuel Speculation
Hayes also noted that the second half of April could be …
Full story available on Benzinga.com
BitMEX co-founder Arthur Hayes has forecasted a significant crypto asset firesale, driven by the upcoming Bitcoin (CRYPTO: BTC) halving and the Federal Reserve’s strategies.
What Happened: Hayes predicts a volatile period for cryptocurrencies in the latter half of April. He suggests that the Bitcoin halving and the Federal Reserve and Treasury’s strategies could fuel a massive crypto asset firesale, potentially depressing the market for several weeks. Hayes wrote this in a blog post on Apr. 8.
Hayes suggested that while the Bitcoin halving could boost prices in the medium term, it could also negatively impact crypto prices immediately before and after the event. He believes the halving is timed for when “dollar liquidity is tighter than usual.”
“… I believe Bitcoin and crypto prices in general will slump around the halving […] It will add propellant to a raging firesale of crypto assets,” Hayes said.
See Also: Is Shibu Inu Set To Skyrocket? Social Buzz And Token Burns Fuel Speculation
Hayes also noted that the second half of April could be …
Full story available on Benzinga.com
BitMEX co-founder Arthur Hayes has forecasted a significant crypto asset firesale, driven by the upcoming Bitcoin (CRYPTO: BTC) halving and the Federal Reserve’s strategies.
What Happened: Hayes predicts a volatile period for cryptocurrencies in the latter half of April. He suggests that the Bitcoin halving and the Federal Reserve and Treasury’s strategies could fuel a massive crypto asset firesale, potentially depressing the market for several weeks. Hayes wrote this in a blog post on Apr. 8.
Hayes suggested that while the Bitcoin halving could boost prices in the medium term, it could also negatively impact crypto prices immediately before and after the event. He believes the halving is timed for when “dollar liquidity is tighter than usual.”
“… I believe Bitcoin and crypto prices in general will slump around the halving It will add propellant to a raging firesale of crypto assets,” Hayes said.
See Also: Is Shibu Inu Set To Skyrocket? Social Buzz And Token Burns Fuel Speculation
Hayes also noted that the second half of April could be …Full story available on Benzinga.com Read More$BTC, Arthur Hayes, bitcoin halving, BitMEX, cryptocurrencies, Cryptocurrency, Federal Reserve, Kaustubh Bagalkote, News, Markets, $BTC, News, Cryptocurrency, Markets, Benzinga Markets
