{"id":55337,"date":"2024-09-06T10:32:49","date_gmt":"2024-09-06T10:32:49","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2024\/09\/06\/bitmex-co-founder-arthur-hayes-believes-bitcoin-btc-will-tap-50k\/"},"modified":"2024-09-06T10:32:49","modified_gmt":"2024-09-06T10:32:49","slug":"bitmex-co-founder-arthur-hayes-believes-bitcoin-btc-will-tap-50k","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2024\/09\/06\/bitmex-co-founder-arthur-hayes-believes-bitcoin-btc-will-tap-50k\/","title":{"rendered":"BitMEX co-founder Arthur Hayes believes Bitcoin (BTC) will tap $50K"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Arthur-Hayes-believes-Bitcoin-will-tap-50K-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Arthur-Hayes-believes-Bitcoin-will-tap-50K-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Arthur-Hayes-believes-Bitcoin-will-tap-50K-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Arthur-Hayes-believes-Bitcoin-will-tap-50K-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/09\/Arthur-Hayes-believes-Bitcoin-will-tap-50K.jpg\" alt=\"BitMEX co-founder Arthur Hayes believes Bitcoin (BTC) will tap $50K\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Arthur Hayes predicts Bitcoin (BTC) may fall under $50K amid market turmoil.<\/li>\n<li>Bitcoin\u2019s value drop has led to $36.71M in liquidations.<\/li>\n<li>The Crypto Fear &amp; Greed Index reveals \u201cextreme fear,\u201d reflecting rising market nervousness.<\/li>\n<\/ul>\n<p>In latest days, the cryptocurrency market has been awash with uncertainty, with Bitcoin\u2019s value taking a big tumble.<\/p>\n<p>After <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-btc-drops-below-57k-again-amid-strong-selling-pressure\/\">slipping below $57,000 on September 5<\/a>, Bitcoin has fallen to $55,711.26, resulting in a pointy decline in market sentiment. This downturn has thrust the Crypto Fear &amp; Greed Index again into the \u201cextreme fear\u201d zone, with a rating of twenty-two, a notable drop from the day prior to this\u2019s \u201cfear\u201d rating of 29.<\/p>\n<p>Arthur Hayes, co-founder of the cryptocurrency alternate BitMEX, has weighed in on the present market circumstances and in a submit on X, predicted an additional decline in Bitcoin\u2019s value, suggesting that it may fall under $50,000 over the weekend.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> is heavy, I\u2019m gunning for sub $50k this weekend. I took a cheeky quick. Pray for my soul, for I&#8217;m a degen.<\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/1831866865846776035?ref_src=twsrc%5Etfw\">September 6, 2024<\/a><\/p>\n<\/blockquote>\n<p>Hayes\u2019s prediction comes amidst a broader market droop and rising considerations concerning the US economic system.<\/p>\n<h2>Over 36 million Bitcoin lengthy positions liquidated<\/h2>\n<p>The latest plunge has seen Bitcoin wipe out roughly $29.7 billion from its market capitalization. According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass data<\/a>, the value dip has additionally resulted in over $36.71 million value of lengthy positions being liquidated, accounting for about 40% of in the present day\u2019s crypto liquidations.<\/p>\n<p>The drop in Bitcoin\u2019s worth has had a ripple impact throughout the cryptocurrency market. Other main cryptocurrencies have additionally skilled declines, with Ethereum (ETH) falling by 2.23%, Solana (SOL) dropping by 2.82%, and Ripple (XRP) seeing a 2.19% droop.<\/p>\n<p>This broad-based downturn has led to over $94.26 million in liquidations over the previous 24 hours, with Bitcoin and Ether lengthy positions accounting for over half of those liquidations.<\/p>\n<p>The present crypto market volatility is attributed to a confluent of broader macroeconomic components. Notably, the latest US jobs information fell in need of expectations, elevating considerations a few potential Federal Reserve rate of interest reduce and including to the market\u2019s apprehensions.<\/p>\n<p>As Bitcoin navigates these turbulent waters, all eyes will be on whether or not Hayes\u2019s prediction involves fruition and the way the broader market sentiment evolves in response to ongoing financial alerts.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitmex-co-founder-arthur-hayes-believes-bitcoin-btc-will-tap-50k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arthur Hayes predicts Bitcoin (BTC) may fall under $50K amid market turmoil. Bitcoin\u2019s value drop has led to $36.71M in liquidations. The Crypto Fear &amp; Greed Index reveals \u201cextreme fear,\u201d reflecting rising market nervousness. In latest days, the cryptocurrency market has been awash with uncertainty, with Bitcoin\u2019s value taking a big tumble. After slipping below [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[4349,728,234,20,1818,31,1315,357,6695],"class_list":{"0":"post-55337","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-50k","9":"tag-arthur","10":"tag-believes","11":"tag-bitcoin","12":"tag-bitmex","13":"tag-btc","14":"tag-cofounder","15":"tag-hayes","16":"tag-tap"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/55337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=55337"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/55337\/revisions"}],"predecessor-version":[{"id":55338,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/55337\/revisions\/55338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/55339"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=55337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=55337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=55337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}