Arthur Hayes believes that BTC may lose a little in price, but if the shares of one of the largest regional banks in the United States, New York Community, and some others collapse this weekend, we should expect new jumps in the price of the first cryptocurrency. The bank's shares fell more than 45% after a surprise loss in late 2023 and a sharp dividend cut.
“Then BTC will start the race. Prices will begin to rise on March 23,” the crypto blogger insists.
On March 19-20, the US Federal Reserve System (FRS) is due to publish a forecast for changes in the key rate, which is currently being prepared by the Open Market Committee. This is the main reason to expect changes in the value of cryptocurrencies at this time, the influencer hints.
Arthur Hayes believes that the bullish trend in the cryptocurrency market is just beginning. 2024 will be volatile, but by the end of the year financial markets will reach an all-time high.
Recently, a crypto blogger stated that BTC prices could fall significantly in the short term due to rising investor inflation expectations. He admits that the price of the world's first cryptocurrency will fall to $30,000.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
