Bitcoin (BTC) Correction Ends, Says Arthur Hayes: Reveals His Next Altcoin Picks
- Former BitMEX CEO, Arthur Hayes, has stated that the recent dip in Bitcoin prices is a healthy correction, and has made predictions about the future price of the leading cryptocurrency.
- Hayes believes that the price of Bitcoin had been overvalued and that the recent drop was expected.
- He also mentioned that he will continue to accumulate Bitcoin, Ethereum, Solana, Dogecoin and Dogwifhat during this period of market correction.
Former BitMEX CEO, Arthur Hayes, discusses the recent dip in Bitcoin prices, calling it a healthy correction and shares his predictions for the cryptocurrency’s future.
Bitcoin’s Recent Dip: A Healthy Correction
Bitcoin, the leading cryptocurrency, has been experiencing a dip since April, with several factors contributing to this decline. The selling pressure has led to Bitcoin’s price falling to around $56,000. Arthur Hayes, former CEO of BitMEX, has described this dip as a healthy and necessary correction. Hayes had previously commented that Bitcoin’s price was overvalued and had been expecting a drop, stating, “The price movement happened as I expected.”
Accumulation Period for Cryptocurrencies
Hayes believes that the current market correction is a much-needed cleansing of the market and... Read the full article for FREE at COINOTAG!
