Arthur Hayes Explains Why Trump Tariffs Are Good for Bitcoin
BitMEX co-founder Arthur Hayes argues that Trump’s reciprocal tariffs will ultimately benefit Bitcoin by weakening the US dollar and increasing the demand for alternative assets.
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BitMEX co-founder Arthur Hayes argues that Trump’s reciprocal tariffs will ultimately benefit Bitcoin by weakening the US dollar and increasing the demand for alternative assets.
GameStop’s latest fundraising brought its stock to the green zone as the video game retailer wants Bitcoin exposure.
Bitcoin price rebounds above $84K as selling slows. Traders eye $86K resistance and $78K support for the next move.
Japanese investment firm Metaplanet Inc acquired an additional 696 BTC using cash-secured put options, bringing its total holdings to 4,046 BTC.
Spot Bitcoin ETFs recorded their second-largest monthly outflow in March as the crypto community showed mixed reactions toward the market movements.
Metaplanet Inc’s board of directors approved bond issuance worth $13.33 million to buy Bitcoin.
Bitcoin price has fallen to $81,500 as global markets brace for potential volatility with the onset of Trump’s “Liberation Day” tariffs on April 2.
The Bitcoin Macro Index has started showing signs of bearish divergence raising concerns that Bitcoin may have already reached its long-term peak.
Market volatility is at play, with Bitcoin currently trading around the $85,000 range and Peter Brandt backing a potential drop to $70,000
Along with the GameStop stock, BTC price is also seeing some selling pressure, dropping 1.7% today and slipping under $86,000.
The Blockchain Group has bolstered its Bitcoin treasury with a $50M purchase, as analysts eye a potential BTC rally toward $95,000.
GameStop announced plans to allocate part of its $4.8 billion cash reserves to Bitcoin and US-dollar-pegged stablecoins, triggering a 10% surge in stock price.
As Mt. Gox moved over a billion dollars in Bitcoin, Kentucky and Arizona welcomed pro-crypto developments, suggesting massive adoption levels.
A Bitcoin whale recently withdrew 3,238 BTC (worth $284 million) from Binance, raising the total holdings to 15,986 BTC, worth $1.39 billion.
BitMEX founder Arthur Hayes sees Bitcoin price retesting the $110,000 high amid growing resurgence, however, with correction still ahead.