Post-halving 2024 market is pushing Bitcoin’s price, not just Trump, says Onramp Bitcoin co-founder
The last Bitcoin halving took place in April when the block reward dropped from 6.25 Bitcoin to 3.125 Bitcoin Jesse Myers said Bitcoin’s price needs to go higher for a “supply-demand price” balance to happen When that occurs, the market will “flywheel into mania and a bubble,” which happened in the 2012, 2016, and 2020 […]
BitMEX co-founder Arthur Hayes believes Bitcoin (BTC) will tap $50K
Arthur Hayes predicts Bitcoin (BTC) could fall below $50K amid market turmoil. Bitcoin’s price drop has led to $36.71M in liquidations. The Crypto Fear & Greed Index shows “extreme fear,” reflecting growing market anxiety. In recent days, the cryptocurrency market has been awash with uncertainty, with Bitcoin’s price taking a significant tumble. After slipping below […]
BitMEX co-founder says BTC price may rise if monetary policies tighten
The Federal Reserve has increased its benchmark rate from 0.25% to 5.25% over the past year. BitMEX co-founder believed that bondholders might seek more lucrative “risk assets,” such as Bitcoin. Bitcoin’s four-year cycles might be linked to central banks’ low-rate policies. Challenging the conventional wisdom regarding the relationship between Bitcoin and interest rates, BitMEX co-founder […]