Jerome Powell

Chair

Bitcoin

Arthur

Coin

<ul>
 <li>Arthur Hayes criticizes Janet Yellen and Jerome Powell’s oscillating decisions that negatively impact the crypto space.</li>
 <li>Hayes describes the prevailing bearish trend in Bitcoin as a TradFi mini-financial crisis.</li>
 <li>Predicting Bitcoin’s further dip below $35K, Hayes spots BTC’s support between $30K and $35K.</li>
</ul>
BitMEX co-founder Arthur Hayes recently shared insights on the potential impacts of the oscillating decisions of Treasury Secretary Janet Yellen and Fed Chair Jerome Powell on the crypto space. In the essay entitled “Yellen or Talkin’?” Hayes also <a href="https://cryptohayes.substack.com/p/yellen-or-talkin" target="_blank" rel="noopener noreferrer nofollow">pointed</a> out that the recent dip in <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> highlights a “TradFi mini-financial crisis.”
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 "Yellen or Talkin'?" is an essay on why I think the <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> slump is pointing to a TradFi mini-financial crisis, and it will bottom in the $30k to $35k range.<a href="https://t.co/uwiLscKwzW" target="_blank" rel="noopener noreferrer nofollow">https://t.co/uwiLscKwzW</a> <a href="https://t.co/zRpUcE6TIz" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/zRpUcE6TIz</a>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1749931698710520198?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 23, 2024</a>
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Initially, Hayes’ essay reflected on the discrepancy between Yellen and Powell’s words and actions. He asserted that though Yellen proclaimed a shift of the majority of borrowing to Treasury bills (T-bills), she shifted just her department’s borrowing to T-bill…
The post <a href="https://coinedition.com/bitmex-co-founder-spots-bitcoins-support-between-30k-and-35k/" rel="noopener noreferrer nofollow">BitMEX Co-Founder Spots Bitcoin’s Support Between $30K and $35K</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

BitMEX Co-Founder Spots Bitcoin’s Support Between $30K and $35K

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