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Bitcoin To Face ‘Raging Firesale’ Near Halving, Arthur Hayes Cautions Crypto Traders

BitMEX co-founder Arthur Hayes has forecasted a significant crypto asset firesale, driven by the upcoming Bitcoin (CRYPTO: BTC) halving and the Federal Reserve’s strategies. What Happened: Hayes predicts a volatile period for cryptocurrencies in the latter half of April. He suggests that the Bitcoin halving and the Federal Reserve and Treasury’s strategies could fuel a massive crypto asset firesale, potentially depressing the market for several weeks. Hayes wrote this in a blog post on Apr. 8. Hayes suggested that while the Bitcoin halving could boost prices in the medium term, it could also n…

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