Former BitMEX CEO Arthur Hayes recently closed his Bitcoin short position and made a prediction about possible actions by US Treasury Secretary Janet Yellen.
Arthur Hayes' Prediction
Arthur Hayes closed his Bitcoin short position with a 3% profit, as he announced in a post on X on September 8. He also predicted that Treasury Secretary Janet Yellen would print more money if markets continue to decline. Hayes expressed confidence that such measures would lead to an increase in Bitcoin.
Current BTC Situation
As of the time of publication, Bitcoin managed to break through the $55,000 mark but soon started to decline again. As of 2:50 a.m. EST, BTC was trading at $54,834.21. Despite this, Bitcoin showed a growth of just over 1% in the last 24 hours, although it has fallen by 4% over the past week.
Crypto Market Overview
Almost all major cryptocurrencies in the top 10 have shown growth in the past 24 hours, with the exception of XRP. The total market capitalization of cryptocurrencies has grown slightly but still remains below the $2 trillion mark.
Arthur Hayes predicts Bitcoin growth against the backdrop of possible actions by Janet Yellen to support markets. The current situation in the cryptocurrency market remains unstable, but many market participants hope for further improvement.
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