Arthur Hayes has named the date when bitcoin value will rise

The former CEO of BitMEX has commented on the situation with the world’s first cryptocurrency. Arthur Hayes said that he expects bitcoin to grow from the second half of March this year.

According to Hayes, BTC $61,906.22 Bitcoin -0.62% Market capitalization $1.22 trillion VOL. 24 hours $0.51 billion may lose in value, but if the shares of one of the largest regional banks in the United States, New York Community, and some others fall over the weekend, we should expect new jumps in the market leader’s rate. New York Community’s shares fell by more than 45% after an unexpected loss at the end of 2023 and a sharp dividend cut.

«Then BTC will start the race. Prices will start to rise from March 23 ,» the analyst said. on March 19−20, the US Federal Reserve is to release a forecast of changes in the key rate, which is currently being prepared by the Federal Open Market Committee. This is the main reason to expect a change in the value of cryptocurrencies at this time, the influencer hinted.

As a reminder, in early January, Hayes wrote that the price of the market’s flagship would drop by at least 20−30% in March 2024 from whatever level it reaches at that time. The reason: US financial policy. According to Hayes, BTC will return to growth right after March 20.