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Bitcoin(BTC)
$103,490.70
+2.04%
Ethereum(ETH)
$3,420.97
+1.02%
Momentum(MMT)
$1.34
+282.30%
BNB(BNB)
$962.18
+4.27%
XRP(XRP)
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+2.25%
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+3.24%
Dogecoin(DOGE)
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+5.04%
Sui(SUI)
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+3.53%
Chainlink(LINK)
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+3.73%
Cardano(ADA)
$0.55
+3.84%
Hyperliquid(HYPE)
$41.70
+9.84%
Plasma(XPL)
$0.32
+29.89%
World Liberty Financial(WLFI)
$0.12
+7.45%
OFFICIAL TRUMP(TRUMP)
$7.56
+3.92%
ZKsync(ZK)
$0.08
+42.71%
Aave(AAVE)
$203.89
+5.97%
Why Is Crypto Down? Data Shows Bitcoin Tracking US Liquidity Drain
By
Coin Edition
about 4 hours ago
BTC
ARTHUR
READ
CIN
- Arthur Hayes predicts a crypto market rebound once the US government shutdown ends due to rising liquidity.
- Hayes noted a strong correlation between Bitcoin’s recent 8% drop and a 5% decline in the US liquidity index.
- The approval of spot ETFs has deepened Bitcoin’s ties to mainstream macroeconomic factors.
BitMEX co-founder Arthur Hayes has revealed a correlation between Bitcoin’s price and the US dollar liquidity, highlighting the influence of mainstream factors on the cryptocurrency market.
In a recent analysis, Hayes highlighted how mainstream fiscal factors are currently dominating cryptocurrency market trends. He predicts the broader digital asset market will experience a significant resurgence immediately after the ongoing US government shutdown ends.
Read The Full Article Why Is Crypto Down? Data Shows Bitcoin Tracking US Liquidity Drain On Coin Edition.
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