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Tag Archives: Bitcoin News

Bitcoin Price Attempts Further Bullish Recovery Catalyzed by Rising Stablecoins Supply on Crypto Exchanges

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Arthur Hayes Predicts Bitcoin to Reach $100K by 2024

Arthur Hayes, the co-founder of Bitmex, has made bold predictions about the future of Bitcoin. He believes that Bitcoin could reach $100,000 by the end of 2024 and potentially soar to $1 million by 2025. Hayes attributes this anticipated surge to the U.S. Treasury’s actions, particularly their liquidity injections into the economy. In a recent blog post, Hayes noted that the moves that are expected from Yellen, the U.S. treasurer, would affect most markets, including Bitcoin. He stated that...

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Bitcoin’s Price Fell Below $60,000 at the Start of the Week as Institutions Stopped Buying Stablecoins

Institutions did not buy stablecoins over the weekend. BTC registered over 4% losses over a 24-hour period leading into Monday. BTC’s price dropped to below $60,000 on Monday, causing a decline of about 4% from the day prior when it traded at $62,510. The dipping price action occurred as institutional players stopped acquiring stablecoins for two days before the week started. Blockchain analytics firm Lookonchain posted about the occurrence, “Institutions seem to have temporarily stopped...

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