Bitcoin 2025: What to Expect Before the Bull Run

Apr 1, 2025

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Ibiam Wayas

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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.

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Hayes in an X post stated that Jerome Powell has delivered and suggests that Quantitative Tightening will likely end on April 1.

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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.

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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.

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Hayes expects the stock market to struggle a little longer, while BTC finds a bottom around $77K.

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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% .

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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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