Apr 1, 2025
Ibiam Wayas
Former BitMEX CEO Arthur Hayes has recently laid out an analysis of what to expect before Bitcoin and other cryptos enter the next phase of the bull market.
Hayes in an X post stated that Jerome Powell has delivered and suggests that Quantitative Tightening will likely end on April 1.
He believes the next needed catalyst for the bull market is either the Supplemental Leverage Ratio (SLR) exemption or a restart of QE by the US Federal Reserve.
According to him, that could free up more capital for banks, and the market can look for Quantitative Easing, where the Fed buys assets to increase the money supply.
Hayes expects the stock market to struggle a little longer, while BTC finds a bottom around $77K.
Meanwhile, the crypto market has seen a relief increase in the past 24 hours. BTC rose by more than 1.1%, while ETH increased by 1.76% .
The global crypto market cap currently stands at $2.69 trillion, representing a 1.11% increase in the last 24 hours.
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