Bitcoin showed a slight recovery after a harsh decline on Tuesday. However, while the fluctuation in the market continues, investors may have to wait for a significant upward movement. Arthur Hayes, former CEO of Bitmex, warned Bitcoin investors about possible volatility about the latest fluctuations on the market.
Arthur Hayes made Bitcoin estimated: Attention to April 15
Hayes, in his sharing on his X account, did not like the “Markets’ Liberation Day. He said. Hayes’ comments came at a time when the price of Bitcoin fell to $ 82,000. At the same time, gold prices exceeded $ 3,150 and showed that global uncertainty has increased.
With US President Donald Trump’s statement on April 2, Rose Garden, the US administration imposed a 10 %customs duty to all countries as of April 5th. In particular, 34 %for China, 20 %to the European Union and 24 %of Japan will be announced. Following this decision, the declaration of national emergency caused great fluctuations in financial markets.
Crypto currencies were negatively affected by tax statements
The crypto money market, although the first hours of the statement reacted positively, in the following hours, there was a reversal. Bitcoin, although up to $ 88,500, withdrawal to 82.200 dollars with withdrawal. Ethereum decreased from $ 1,934 to $ 1,797 and showed a harder decrease. The total value of the crypto market fell to 2.7 trillion dollars with a loss of more than 5 %.
According to Glassnode, the On-Chain Analysis platform, Bitcoin’s short-term sales pressure has started to decrease, but a constant upward movement is not yet confirmed. In particular, Bitcoin, which reached $ 109,000 in January, “digested” the wave of decline and investor losses continue to increase. Although price stability is provided between $ 76,000-80,000, indicators on chain argues that this recovery is not permanent and may be part of a larger decline movement spread throughout the market.
Long -term uncertainty continues: 250 thousand dollars on the horizon
Hayes’ latest comments indicate that Bitcoin’s ability to maintain critical support levels by April 15 is important for stability in the market. Interestingly, Hayes predicted that Bitcoin could reach $ 250,000 at the end of 2025. The main reason for this was the expanding money supply. In addition, if the US Federal Reserve (FED) has switched to monetary expansion policy, Bitcoin could enter a powerful bull market in 2025.
