Former Bitmex Chief Expects Bitcoin to Bottom Out Between $30, | Crypto | Ethereum | Bitcoin
Former Bitmex Chief Expects Bitcoin to Bottom Out Between $30,000 and $35,000
Former Bitmex CEO Arthur Hayes has predicted that bitcoin will find a support level between $30,000 and $35,000. He contends that the ongoing bitcoin selloff is not due to outflows from Grayscale’s bitcoin trust (GBTC). “That argument is bogus,” he claimed, adding that bitcoin’s price movement is “anticipating the Bank Term Funding Program (BTFP) will not be renewed.”
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