Arthur Hayes Forecasts Bitcoin Price Volatility Amidst Fed Policy Shifts

Crypto veteran Arthur Hayes weighed in on market trends recently, commenting on the X platform about the current financial climate. He observed an improvement in liquidity and revealed that the Federal Reserve’s quantitative tightening policy is expected to conclude on December 1st. This Wednesday could see the final reduction in balance sheet size. Furthermore, U.S. banks saw a surge in lending activity during November. Hayes anticipates Bitcoin’s price will experience fluctuations below $90,000 with a potential dip towards the lower end of that range, but he believes the $80,000 support level will hold firm. #BTC