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<p>The world of cryptocurrency is buzzing with anticipation as the Bitcoin halving event draws near. This pivotal occurrence, expected to shake the foundations of the crypto market, has garnered attention from all corners. Notably, Arthur Hayes, the co-founder of BitMEX, has voiced his thoughts, forecasting a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38154297/bitcoin-to-face-raging-firesale-near-halving-arthur-hayes-cautions-crypto-traders">potential slump</a> in Bitcoin prices around the time of the halving. Hayes’ perspective stems from concerns over restricted US dollar liquidity, which he believes will amplify selling pressure on Bitcoin and other cryptocurrencies.</p> 
<h2 style="text-align: center;" id="strong-arthur-hayes-explains-predicted-crypto-slump-mechanic-strong"><strong>Arthur Hayes Explains Predicted Crypto Slump Mechanic</strong></h2> 
<p>Arthur Hayes has pointed to the quantitative tightening measures and the delay in rate cuts as significant factors that could impact Bitcoin’s price negatively around the halving event. Despite Bitcoin’s resilience, showing strength by hitting a surprise $72,000, the looming question remains: Can it maintain its fortitude near its all-time high as we edge closer to the halving? Hayes predicts a bumpy ride, with possible declines before and after the halving, due to tighter dollar liquidity. However, he remains optimistic about the medium-term prospects post-May 1st, anticipating an easing of the quantitative tightening cycle.</p> 
<h2 style="text-align: center;" id="strong-the-crypto-market-awaits-key-events-strong"><strong>The Crypto Market Awaits Key Events</strong></h2> 
<p>The crypto market is on the edge of its seat, awaiting crucial events such as the March CPI data and the FOMC meeting. These events are critical as they could influence the Federal Reserve’s decision on rate cuts. With speculation rife, Galaxy Digital CEO Mike Novogratz suggests that despite the lack of compelling reasons, the Fed might still opt for rate cuts, potentially buoying assets like Bitcoin.</p> 
<p>&nbsp;</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Call me crazy but I don’t see one good reason for the fed to cut rates. Yet think they will. It’s a great set up for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>, gold, silver, copper. It’s not a great set up for the USA though. We need a politician who will cut spending dramatically! </p> 
 <p>Sound of silence…</p> 
 <p>— Mike Novogratz (@novogratz) <a href="https://twitter.com/novogratz/status/1777483185430929572?ref_src=twsrc%5Etfw">April 8, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 style="text-align: center;" id="strong-a-firesale-fueled-by-the-halving-and-federal-policies-strong"><strong>A Firesale Fueled by the Halving and Federal Policies</strong></h2> 
<p>Arthur Hayes warns of a “raging firesale” of crypto assets, triggered by the <a href="https://walletinvestor.com/magazinadmin/blackrock-bitcoin-etf-grows-with-5-new-wall-street-firms-added/">Bitcoin</a> halving coupled with Federal Reserve and Treasury policies. This period of intense turbulence is predicted to depress the crypto market for weeks. Hayes’ stark warning underlines a contrarian view to the widely accepted narrative of the halving being a bullish catalyst. He suggests that when the majority leans towards a specific outcome, the opposite is likely to occur.</p> 
<h2 style="text-align: center;" id="arthur-hayes-weighs-in-on-liquidity-and-market-dynamics">Arthur Hayes Weighs In on Liquidity and Market Dynamics</h2> 
<p>The second half of April is highlighted as a precarious period for risky assets, with U.S. tax payments and Quantitative Tightening contributing to a tighter liquidity scenario. Post-May 1st, Hayes anticipates a potential shift, with the Treasury likely infusing additional liquidity into the system. This move could pump the markets, offering a glimmer of hope amidst the predicted volatility. Hayes, ever the crypto enthusiast, remains long on digital assets, welcoming any outcome that defies his bearish inclinations.</p> 
<p>Arthur Hayes’ insights into the impending Bitcoin halving event paint a picture of potential volatility and market shifts. His analysis warns against expecting a quick bullish surge. Yet, it also suggests a brighter future for Bitcoin and the crypto market. Meanwhile, the crypto community watches closely. The unfolding events will challenge digital currencies’ resilience and adaptability amid tight liquidity and crucial monetary policies.</p> 
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Arthur Hayes: BTC Halving Triggers Crypto Market Turmoil

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