Arthur Hayes: Bitcoin at $77,000 May Represent a Bottom, but the Stock Market Might Have Further Downside Potential
Arthur Hayes: Bitcoin at $77,000 May Represent a Bottom, but the Stock Market Might Have Further Downside Potential
After the Federal Reserve’s Interest Rate Decision Meeting
Following the conclusion of the interest rate decision meeting of the Federal Reserve, Arthur Hayes, co-founder of the cryptocurrency exchange BitMEX, expressed his views on the subsequent market trends on social media. He believes that Bitcoin may have already reached its bottom, but the stock market may still have room to decline, which could compel the Federal Reserve to adopt a more accommodative policy.
On Thursday, Hayes wrote on social media platform X:
Bitcoin Momentum Slows! Leverage Risks Mount as Market Eyes Key Support at $110,000
On-Chain Analysis Company Glassnode ReportsOn-chain analysis company Glassnode noted in it…