Bitcoin is approaching the $84,000 mark, while altcoins are experiencing a significant decline. Economic data suggests this decline may accelerate, and U.S. stock markets are also showing losses.
Hayes’ Predictions for Cryptocurrency
Arthur Hayes remains optimistic about the future performance of cryptocurrencies, despite economic uncertainty. He projects that Bitcoin could reach $110,000, supported by favorable Federal Reserve conditions.
Impact of Tariffs on the Crypto Market
Hayes argues that tariffs pose no threat to market recovery. Federal Reserve Chairman Powell recently commented on the temporary nature of tariff-induced inflation, supporting Hayes' view of stable financial conditions.
Future of the Market Amid Current Events
The U.S. stock market is experiencing a downturn, and PCE data is unfavorable. Trading volumes are declining, creating uncertainty that could exacerbate market drops. China's threats of retaliation add to the instability.
While markets might adapt to tariffs, significant uncertainty still influences the future. A market recovery is likely expected after early April.
