The Rise in Bitcoin Continues: It Reached the $35,000 Limit – What is the Latest Data? '$1 million is still possible for Bitcoin'
Arthur Hayes, former CEO of cryptocurrency exchange BitMex, believes that war-related geopolitical risks will increase the BTC price.'$1 million is still possible for Bitcoin' MARKET NEWS
Arthur Hayes, former CEO of crypto exchange BitMEX, says that he warned the markets about Bitcoin's future in his blog post titled The Periphery dated October 24."Inflation brought on by the global war will affect Bitcoin and gold prices
Hayes notes the escalating tensions around the world as the United States continues to invest in two new wars.The timing is notable because while the US Federal Reserve has stopped raising interest rates despite ongoing inflation, the yield on long-term interest rates in the economy has been rising faster in the short term.Hayes says in his blog post:"Banks' structural protection and the US's war-induced debt needs feed into each other reactively in the US Treasury bond market. If long-term US Treasury bonds are not safe for investors, investors will turn to alternatives. Gold and most importantly Bitcoin, rising inflation fears due to global war will start to rise due to
BTC/USD is up 15 percent this week, with the gains coming after US President Joe Biden addressed the nation on the Ukraine and Israeli wars.The blog post also says:"Immediately after Biden's speech, gold as well as Bitcoin are rallying against the aggressive selling in long-term US Treasury bonds."“This is more than just speculation on the approval of an ETF,” the article in question continues, “but that Bitcoin prevents the hyperinflationary environment brought about by a future global world war.”Hayes is a name known for his predictions about how the global economic outlook will behave in the post-COVID-19 and subsequent inflation periods.A $1 million BTC price tag is still considered possible for Bitcoin. This goal was repeated on social media this week. This will be the result of yield curve control (YCC), the latest push of controlled economy that has already begun in Japan.
BTCUSDT
+4.90%XBTETH.P
−3.00%
Bitcoin, the world's largest cryptocurrency, continues its rally for about the last week.In its last attack, the BTC price rose to $ 34.729,30 and reached the $ 35,000 limit. The price of the coin last reached these levels on July 13, at $ 31,827, and it was not possible to reach the same level later.Bitcoin SystemBTC has gained approximately 11% in value in the last week.Related Content: Which Projects Are Invested in by Binance Labs But Are Not Listed on Binance Yet? Here are the Selected 10With the rise, there was a liquidation of $178 million in the cryptocurrency market in the last 24 hours. 131 million dollars of these liquidations were in short positions and 47 million dollars were in long positions.On the altcoin front, the largest liquidations took place in Ethereum with 31 million dollars, Chainlink with 9.43 million dollars, Solana with 8.39 million dollars, and Tellor with 6.18 million dollars.Among the top 100 cryptocurrencies, the first altcoin to show the highest increase was Mina, followed by THORChain in second place and Injective in third place. The losing altcoins of the day were Toncoin, KuCoin Token and Tether Gold, a stablecoin indexed to gold.*This is not investment advice.
Arthur Hayes, former CEO of cryptocurrency exchange BitMex, believes that war-related geopolitical risks will increase the BTC price.'$1 million is still possible for Bitcoin' MARKET NEWS
Arthur Hayes, former CEO of crypto exchange BitMEX, says that he warned the markets about Bitcoin's future in his blog post titled The Periphery dated October 24."Inflation brought on by the global war will affect Bitcoin and gold prices
Hayes notes the escalating tensions around the world as the United States continues to invest in two new wars.The timing is notable because while the US Federal Reserve has stopped raising interest rates despite ongoing inflation, the yield on long-term interest rates in the economy has been rising faster in the short term.Hayes says in his blog post:"Banks' structural protection and the US's war-induced debt needs feed into each other reactively in the US Treasury bond market. If long-term US Treasury bonds are not safe for investors, investors will turn to alternatives. Gold and most importantly Bitcoin, rising inflation fears due to global war will start to rise due to
BTC/USD is up 15 percent this week, with the gains coming after US President Joe Biden addressed the nation on the Ukraine and Israeli wars.The blog post also says:"Immediately after Biden's speech, gold as well as Bitcoin are rallying against the aggressive selling in long-term US Treasury bonds."“This is more than just speculation on the approval of an ETF,” the article in question continues, “but that Bitcoin prevents the hyperinflationary environment brought about by a future global world war.”Hayes is a name known for his predictions about how the global economic outlook will behave in the post-COVID-19 and subsequent inflation periods.A $1 million BTC price tag is still considered possible for Bitcoin. This goal was repeated on social media this week. This will be the result of yield curve control (YCC), the latest push of controlled economy that has already begun in Japan.
BTCUSDT
+4.90%XBTETH.P
−3.00%
Bitcoin, the world's largest cryptocurrency, continues its rally for about the last week.In its last attack, the BTC price rose to $ 34.729,30 and reached the $ 35,000 limit. The price of the coin last reached these levels on July 13, at $ 31,827, and it was not possible to reach the same level later.Bitcoin SystemBTC has gained approximately 11% in value in the last week.Related Content: Which Projects Are Invested in by Binance Labs But Are Not Listed on Binance Yet? Here are the Selected 10With the rise, there was a liquidation of $178 million in the cryptocurrency market in the last 24 hours. 131 million dollars of these liquidations were in short positions and 47 million dollars were in long positions.On the altcoin front, the largest liquidations took place in Ethereum with 31 million dollars, Chainlink with 9.43 million dollars, Solana with 8.39 million dollars, and Tellor with 6.18 million dollars.Among the top 100 cryptocurrencies, the first altcoin to show the highest increase was Mina, followed by THORChain in second place and Injective in third place. The losing altcoins of the day were Toncoin, KuCoin Token and Tether Gold, a stablecoin indexed to gold.*This is not investment advice.
