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Bitcoin Could Fall To $50K Says Arthur Hayes
The post Bitcoin Could Fall To $50K Says Arthur Hayes appeared on BitcoinEthereumNews.com. SPONSORED POST* According to BitMEX co-founder Arthur Hayes, Bitcoin is set for a torrid time. In his recent blog post, he posited that the BTC price, against popular opinion, would drop after the Feds increase interest rates. Since Bitcoin holds sway over the crypto market, this development is set to tank altcoin prices, Solana included. However, the same can’t be said about Rollblock, a new iGaming token. It is currently in presale stage 6, having raised a whopping $3.2 million from the public. Its price has constantly been on the rise and there are talks that it would rise by 880% before the presale ends. This makes it the ideal token for ambitious cryptocurrency investors. Fed rate cuts could pull BTC price down to $50,000 – Arthur Hayes Arthur Hayes is respected in the global financial circle. So, whenever he speaks, people listen. Recently, he stated that the Fed’s proposed rate cut – which many believe would favor BTC price- would instead tank it. Specifically, he said that the BTC price could drop to as low as $50,000, but that would only affect the coin for a couple of weeks. Arthur Hayes is bullish on Bitcoin in the long term, although it offers less percentage gains when compared with upcoming tokens like Rollblock. SOL holders scared as Solana revenue hits 6-month low Figures from DefiLlama have revealed that Solana’s daily revenue plunged to a 6-month low on the 1st of September. Solana generated just $190,000 on that day, a 92% decline from its revenue peak of $5 million in March. Even worse, data from Kaito AI further notes that Solana’s sentiment has flipped to bearish mode. The negative sentiment is also reflected in Solana’s non-vote transactions, which declined by 63% between July and August. These signals suggest that Solana could…
The post Bitcoin Could Fall To $50K Says Arthur Hayes appeared on BitcoinEthereumNews.com.
SPONSORED POST* According to BitMEX co-founder Arthur Hayes, Bitcoin is set for a torrid time. In his recent blog post, he posited that the BTC price, against popular opinion, would drop after the Feds increase interest rates. Since Bitcoin holds sway over the crypto market, this development is set to tank altcoin prices, Solana included. However, the same can’t be said about Rollblock, a new iGaming token. It is currently in presale stage 6, having raised a whopping $3.2 million from the public. Its price has constantly been on the rise and there are talks that it would rise by 880% before the presale ends. This makes it the ideal token for ambitious cryptocurrency investors. Fed rate cuts could pull BTC price down to $50,000 – Arthur Hayes Arthur Hayes is respected in the global financial circle. So, whenever he speaks, people listen. Recently, he stated that the Fed’s proposed rate cut – which many believe would favor BTC price- would instead tank it. Specifically, he said that the BTC price could drop to as low as $50,000, but that would only affect the coin for a couple of weeks. Arthur Hayes is bullish on Bitcoin in the long term, although it offers less percentage gains when compared with upcoming tokens like Rollblock. SOL holders scared as Solana revenue hits 6-month low Figures from DefiLlama have revealed that Solana’s daily revenue plunged to a 6-month low on the 1st of September. Solana generated just $190,000 on that day, a 92% decline from its revenue peak of $5 million in March. Even worse, data from Kaito AI further notes that Solana’s sentiment has flipped to bearish mode. The negative sentiment is also reflected in Solana’s non-vote transactions, which declined by 63% between July and August. These signals suggest that Solana could…
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