Arthur Hayes Suggests Bitcoin Bottomed at $77,000 Amid Fed Policy Shift
- Bitcoin (BTC) likely hit its bottom at $77,000 on March 10, according to Arthur Hayes.
- The US Federal Reserve signaled an end to quantitative tightening (QT) starting April 1.
- QT aims to reduce the money supply by selling assets like government bonds.
- Potential bullish catalysts include a Supplementary Leverage Ratio (SLR) exemption or quantitative easing (QE).
- BTC is trading at $85,203, up 2% in the last 24 hours.
Arthur Hayes believes Bitcoin may have bottomed at $77,000 as the Federal Reserve ends its QT policy. The shift could benefit high-risk assets like BTC and stocks. BTC currently trades at $85,203.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoin-probably-hit-its-bottom-at-77000-arthur-hayes-says/?rand=52377
