Bitcoin ETF

Bitcoin

when

Arthur

<ul class="news-points">
 <li><strong>BitMEX co-founder predicts that BTC will plummet before and after the Bitcoin halving.</strong></li>
 <li><strong>Hayes posits that the USD’s liquidity will be constrained during this period, resulting in high crypto-selling pressures.</strong></li>
 <li><strong>Explaining a general trend in the market, he points out that when a majority thinks of an outcome, the opposite happens.</strong></li>
</ul>
<p>The pioneer cryptocurrency, Bitcoin, has been experiencing fluctuations and volatility over the past few weeks amidst anticipations of the upcoming Bitcoin halving. BitMEX co-founder <a href="https://coinedition.com/dog-money-is-taking-over-arthur-hayes-endorses-shib-names/" rel="noopener noreferrer nofollow">Arthur Hayes</a>, in a recent blog post titled “<a href="https://cryptohayes.medium.com/heatwave-68dc6ccb3d21" target="_blank" rel="noopener noreferrer nofollow">Heatwave,</a>” predicted that Bitcoin will plummet before and after the halving event.</p>
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   <p lang="en" dir="ltr">"Heatwave" is an essay on why I'm bearish despite the recent move higher in <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> markets.<a href="https://t.co/gZ8Vl1uC04" target="_blank" rel="noopener noreferrer nofollow">https://t.co/gZ8Vl1uC04</a> <a href="https://t.co/fH6docB499" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/fH6docB499</a></p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1777524500872966230?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 9, 2024</a>
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<p>Though Bitcoin experienced a bullish rally following the Spot Bitcoin ETF launch in January 2024, surging past its previous all-time high of $69k and setting a new all-time high of $73,700, it plummeted to $65k at the onset of April. While analysts share different perspectives on Bitcoin’s trajectory concerning the halving event, Hayes believes…</p>
<p>The post <a href="https://coinedition.com/will-btc-dip-before-and-after-halving-bitmex-co-founder-narrates/" rel="noopener noreferrer nofollow">Will BTC Dip Before and After Halving? BitMEX Co-Founder Narrates&nbsp;</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Will BTC Dip Before and After Halving? BitMEX Co-Founder Narrates

Coin Edition

Alte articole publicate pe 9 apr. 2024

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