Bitcoin BTC and cryptocurrencies – including top ten coins Ethereum, XRP XRP and Solana – have fallen sharply despite the $10 trillion Bitcoin value bet.Thank you for reading this post, don't forget to subscribe!
Subscribe Now Forbes Cryptoasset and Blockchain Advisor And “Uncover the Blockchain Blockbuster Poised for Over 1,000% Gains Ahead of Next Year’s Historic Bitcoin Halving”!
The price of Bitcoin has fallen by almost 10% in the last 24 hours, which has impacted the price of Ethereum, Billions of dollars have been wiped out. surge.
Before the Bitcoin price plunge, renowned Bitcoin and crypto trader Arthur Hayes warned that the Federal Reserve could cause the Bitcoin price to drop by 30% – predicting “a dangerous decline” in the coming months.
Bitcoin’s historic halving is expected to lead to crypto price chaos just around the corner! Sign up now for free cryptocodex,A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market
More from Forbes ‘Satoshi Woke Up’—The Legend of Bitcoin’s Mystery Creator Satoshi Nakamoto Suddenly Grows Darker, By Billy Bambrough
Federal Reserve Chairman Jerome Powell triggered a decline in the price of Bitcoin, wiping out $2 trillion… [+] Ethereum, XRP, Solana and the crypto market combined in 2022.
“I am preparing for the worst evacuation of all crypto tourists in March this year,” Hayes, the chief investment officer of family office Maelstrom and former CEO of bitcoin derivatives pioneer exchange BitMex, wrote in a blog post.
“I loaded up on crypto in the second half of 2023, and I believe there is now a no-trade zone until April except for risk.”
According to Hayes, the price of Bitcoin could fall between 20% and 30% due to “reduced dollar liquidity.” However, he said he expects the price of Bitcoin to rise sharply due to the Federal Reserve restarting its money printer.
“Bitcoin will initially decline sharply along with the broader financial markets, but will rally ahead of the Fed meeting,” Hayes said. “This is because Bitcoin is the only neutral reserve hard currency that is not a liability of the banking system and is traded globally.”
The 2022 Bitcoin price collapse, which wipes out Bitcoin, Ethereum, was held responsible for, which was in danger of getting out of control. ,
Sign up now for cryptocodex-A free, daily newsletter for the crypto-curious
MORE FROM FORBESU.S The Dollar ‘Eliminates’ – Iran and Russia Suddenly Abandon the Dollar as It Faces Worst Year Since 2020 Amid $1.6 Trillion Bitcoin and Crypto Price Surge By Billy Bambrough
The price of Bitcoin has declined slightly, but remains up nearly 150% from the same time last year… [+] The prices of other major coins Ethereum, XRP and Solana are also increasing.
Forbes Digital Assets
Bitcoin price surges ahead in 2023 However, a BlackRock BLK-led Wall Street bid to bring a spot Bitcoin ETF to market moved closer to its culmination this week, with the US Securities and Exchange Commission (SEC) bullish on . Money through.
“The approval of a spot Bitcoin ETF is still a ‘sell the news’ event, but we believe it will be very shallow in the near term,” said CK Zheng, chief investment officer at crypto hedge fund ZX Squared Capital. “If there is a significant decline in the price of Bitcoin during the short term, we believe it would be a great opportunity to add significantly more long positions.”