Arthur Hayes: Bitcoin’s downward trend may indicate problems with U.S. dollar liquidity
On January 1st and 22nd, BitMEX co-founder Arthur Hayes commented on the divergence of Bitcoin (BTC) and the SP 500 index (SPX) on social media. He pointed out that since the launch of the Bitcoin ETF in the United States, their trends are no longer synchronized. Hayes suggests that the downward trend of Bitcoin may indicate future liquidity problems. He also emphasized that the next important time point to pay attention to is the US Treasury's refinancing announcement on January 31st.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana-based social graph protocol Tapestry raises $5.75 million in Series A funding
Tapestry raised $5.75 million in a Series A round co-led by Union Square Ventures and Fabric Ventures.Tapestry is a Solana-based social graph protocol designed to create an ecosystem of applications with social features.
The Daily: Trump 'receptive' to an 'America-first' crypto reserve, XRP hits new all-time high and more
President-elect Donald Trump is open to creating an “America-first” crypto reserve prioritizing U.S.-based coins like USDC, SOL and XRP, the New York Post reported, citing sources familiar with the matter.XRP hit a new all-time high of around $3.39 via major crypto exchanges on Thursday for the first time since January 2018, following a 16% surge in 24 hours and a 455% rise over the past quarter.A Litecoin ETF is the “most likely” next spot crypto ETF to be approved in the U.S., according to Bloomberg anal
Ripple CEO Says SEC's Opening Brief Is 'Definition of Insanity'
BTC breaks through $99,000
Trending news
MoreCrypto prices
More
