Bitcoin

<ul><li>Arthur Hayes predicts a Bitcoin rally above $60K, with fluctuations between $60K and $70K expected until August. </li><li>Hayes discusses the impacts of recent US fiscal policies on crypto, signaling his return to trading with an emphasis on undervalued cryptocurrencies.</li></ul>Co-founder and former CEO of cryptocurrency exchange BitMEX, Arthur Hayes is one of the well-known personalities in the crypto world and his blog posts are usually significantly insightful.In his May 3 <a href="https://blog.bitmex.com/mayday/" rel="noopener noreferrer nofollow">blog post</a>, “Mayday,” Hayes noted that Bitcoin reached a local low of approximately $58,600 earlier this week. He forecasts a rally above $60,000, followed by price fluctuations ranging between $60,000 and $70,000 until August.He even <a href="https://twitter.com/CryptoHayes/status/1786177132651221261" rel="noopener noreferrer nofollow">shared it on X</a> (formerly Twitter), saying, “Mayday is a brief discussion on the recent Fed, US Treasury, the bank bailout policies. It&#39;s money printing disguised. As such, I&#39;m re-entering the market with super shitty shitcoins. The Hat Stays On!”<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/485711ebabb2487989a0f4f3b5781d13.png" />Hayes noted that this week&#39;s 12% retreat in Bitcoin served as a well-needed market cleansing. He attributed it to the tax season in the United States, concerns over Federal Reserve decisions, the Bitcoin halving “sell the news event,” and a decrease in spot Bitcoin exchange-traded fund inflows.Last month, Hayes <a href="https://newzchain.com/arthur-hayes-bitcoin-halving-prediction/" rel="noopener noreferrer nofollow">predicted</a> a potential downturn in crypto markets around the Bitcoin halving. He even announced a no-trade period until May 1.For more news related to web3, crypto, blockchain, and more, visit <a href="https://newzchain.com/" rel="noopener noreferrer nofollow">Newzchain</a>.

Arthur Hayes Predicts Bitcoin Rally, Cites Economic Policies as Market Influencers

Newzchain

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