• Home
  • Bitcoin
  • Crypto
  • Altcoins
  • NFT
  • Defi
  • Ripple
  • Ethereum
What's Hot

Solana’s staking metric has some good news for SOL holders

October 8, 2022

Binance Coin: How BNB buyers can capitalize on this breakout rally

October 8, 2022

Crypto Analyst Issues Warning to Traders on Binance Coin (BNB), Predicts Timeline for Ethereum’s Next Big Move

October 7, 2022
Facebook Twitter Instagram
  • Home
  • Bitcoin

    Bitcoin price has hit bottom; coldest days of Crypto Winter are over – Ran Neuner and Steven Sidley

    August 21, 2022

    Uniswap Blocked 253 Crypto Addresses, Here’s Why

    August 21, 2022

    Runfy and Decentraland – Crypto Projects That Deliver Unique Blockchain-Based Services To Their Users

    August 20, 2022

    Hackers steal crypto from Bitcoin ATMs by exploiting zero-day bug

    August 20, 2022

    Why Bitcoin traders holding long positions may expect BTC’s downfall to be short-lived

    August 20, 2022
  • Crypto

    Why Bitcoin Is Digital Real Estate – Bitcoin Magazine

    August 21, 2022

    Bitcoin [BTC] traders must sit tight without expecting short-term gains because…

    August 21, 2022

    FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange – Regulation Bitcoin News

    August 21, 2022

    The Most Profitable Buy Signal In Bitcoin Just Triggered

    August 20, 2022

    3 reasons why the Bitcoin price bottom is not in

    August 20, 2022
  • Altcoins

    Solana’s staking metric has some good news for SOL holders

    October 8, 2022

    Binance Coin: How BNB buyers can capitalize on this breakout rally

    October 8, 2022

    Crypto Analyst Issues Warning to Traders on Binance Coin (BNB), Predicts Timeline for Ethereum’s Next Big Move

    October 7, 2022

    Crypto Price Today: Bitcoin barely holds $20,000 mark; altcoins trade lower

    October 7, 2022

    3 Altcoins that could be profitable: Cardano, Avalanche & Big Eyes Coin

    October 7, 2022
  • NFT

    Liquidation Fears Mount as BAYC NFTs Floor Price Drops

    August 21, 2022

    Service by NFTs, Disclosure Orders Against Crypto Exchanges, and Potential Constructive Trustee Liability

    August 21, 2022

    What are They and Why are They So Popular?

    August 21, 2022

    How NFTs are giving everyone the chance to be an art collector

    August 21, 2022

    VeeFriends Drop Surprise NFTs: Iconics With Gilang Bogy

    August 21, 2022
  • Defi

    Top Three DeFi Cryptocurrency To Buy Now – Solana, Uniswap, and HachiFi

    August 22, 2022

    Meet the Sleuthing Firm Helping DeFi Projects Stay Compliant With Tornado Cash Sanctions

    August 21, 2022

    KyberSwap Integrating Chainlink Price Feeds for DAO and DeFi

    August 21, 2022

    Africa fintech and crypto leaders to connect in Ghana-1

    August 21, 2022

    Stellar-Based DeFi Lumenswap (LSP) Activates Smart Order Routing System. Why Is This Important?

    August 21, 2022
  • Ripple

    Ukraine: Six months in, IFRC warns of ripple effects and mounting humanitarian needs

    August 23, 2022

    Ripple to Pakistani Rupee on August 23, 2022

    August 23, 2022

    Crikey’s Lachlan Murdoch move ripples around the world

    August 23, 2022

    Beware the ripple effects from Europe’s new energy crisis and China’s economic slowdown

    August 23, 2022

    Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Knife Catching 102

    August 22, 2022
  • Ethereum

    SWIFT considered ‘neutral’ on sanctions; debate sparked on whether Ethereum is the same

    August 22, 2022

    Ronin Hackers Move The Stolen Ethereum And Bitcoin Using Mixers

    August 22, 2022

    Ethereum Classic’s hashrate reached an all-time high, should you buy ETC?

    August 22, 2022

    Crypto markets scramble for recovery before the next crash

    August 22, 2022

    Ethereum Killers Avalanche, BNB Set to Soar More Than 112%, Could Proprivex Follow Suit?

    August 22, 2022
Facebook Twitter Instagram
Crypto Investment Watch
  • Home
  • Bitcoin

    Bitcoin price has hit bottom; coldest days of Crypto Winter are over – Ran Neuner and Steven Sidley

    August 21, 2022

    Uniswap Blocked 253 Crypto Addresses, Here’s Why

    August 21, 2022

    Runfy and Decentraland – Crypto Projects That Deliver Unique Blockchain-Based Services To Their Users

    August 20, 2022

    Hackers steal crypto from Bitcoin ATMs by exploiting zero-day bug

    August 20, 2022

    Why Bitcoin traders holding long positions may expect BTC’s downfall to be short-lived

    August 20, 2022
  • Crypto

    Why Bitcoin Is Digital Real Estate – Bitcoin Magazine

    August 21, 2022

    Bitcoin [BTC] traders must sit tight without expecting short-term gains because…

    August 21, 2022

    FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange – Regulation Bitcoin News

    August 21, 2022

    The Most Profitable Buy Signal In Bitcoin Just Triggered

    August 20, 2022

    3 reasons why the Bitcoin price bottom is not in

    August 20, 2022
  • Altcoins

    Solana’s staking metric has some good news for SOL holders

    October 8, 2022

    Binance Coin: How BNB buyers can capitalize on this breakout rally

    October 8, 2022

    Crypto Analyst Issues Warning to Traders on Binance Coin (BNB), Predicts Timeline for Ethereum’s Next Big Move

    October 7, 2022

    Crypto Price Today: Bitcoin barely holds $20,000 mark; altcoins trade lower

    October 7, 2022

    3 Altcoins that could be profitable: Cardano, Avalanche & Big Eyes Coin

    October 7, 2022
  • NFT

    Liquidation Fears Mount as BAYC NFTs Floor Price Drops

    August 21, 2022

    Service by NFTs, Disclosure Orders Against Crypto Exchanges, and Potential Constructive Trustee Liability

    August 21, 2022

    What are They and Why are They So Popular?

    August 21, 2022

    How NFTs are giving everyone the chance to be an art collector

    August 21, 2022

    VeeFriends Drop Surprise NFTs: Iconics With Gilang Bogy

    August 21, 2022
  • Defi

    Top Three DeFi Cryptocurrency To Buy Now – Solana, Uniswap, and HachiFi

    August 22, 2022

    Meet the Sleuthing Firm Helping DeFi Projects Stay Compliant With Tornado Cash Sanctions

    August 21, 2022

    KyberSwap Integrating Chainlink Price Feeds for DAO and DeFi

    August 21, 2022

    Africa fintech and crypto leaders to connect in Ghana-1

    August 21, 2022

    Stellar-Based DeFi Lumenswap (LSP) Activates Smart Order Routing System. Why Is This Important?

    August 21, 2022
  • Ripple

    Ukraine: Six months in, IFRC warns of ripple effects and mounting humanitarian needs

    August 23, 2022

    Ripple to Pakistani Rupee on August 23, 2022

    August 23, 2022

    Crikey’s Lachlan Murdoch move ripples around the world

    August 23, 2022

    Beware the ripple effects from Europe’s new energy crisis and China’s economic slowdown

    August 23, 2022

    Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Knife Catching 102

    August 22, 2022
  • Ethereum

    SWIFT considered ‘neutral’ on sanctions; debate sparked on whether Ethereum is the same

    August 22, 2022

    Ronin Hackers Move The Stolen Ethereum And Bitcoin Using Mixers

    August 22, 2022

    Ethereum Classic’s hashrate reached an all-time high, should you buy ETC?

    August 22, 2022

    Crypto markets scramble for recovery before the next crash

    August 22, 2022

    Ethereum Killers Avalanche, BNB Set to Soar More Than 112%, Could Proprivex Follow Suit?

    August 22, 2022
Crypto Investment Watch
Home»Eheterum»Bitcoin and Ethereum Bottom At These Levels, Says BitMex Founder
eth-btc.jpg
Eheterum

Bitcoin and Ethereum Bottom At These Levels, Says BitMex Founder

adminBy adminJune 2, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin and Ethereum may have found the bottom of recent losses, says Arthur Hayes, co-founder of crypto exchange BitMEX.

Hayes said in a blog post that Bitcoin’s bottom range is between $ 25,000 and $ 27,000, and Ethereum will find support between $ 1,700 and $ 1,800.

However, Hayes said neither token was yet ready to recover significantly. Market sentiment is expected to be curtailed by pressure from the Federal Reserve’s rate hikes and rising inflation.

The founder of BitMex provided an overview of the scenarios in which Bitcoin and Ethereum can begin recovery. However, it takes time to execute such a scenario.

Weak hands need to be removed before recovery

Mr. Hayes said that the main factor that puts pressure on Bitcoin and Ethereum is that most short-term holders are trading at losses. Such traders sell to reduce losses rather than hold until they make a profit.

As a result, market recovery can be quickly hampered by sellers leaving their positions to regain some value.

This volatile price behavior reveals the capital of short-term traders who half-believe this is the bottom. These people want to catch the knife and go out for immediate profit.

-Haze

Regarding his predictions about the bottom of Bitcoin, Mr. Hayes said Terra’s recent sale of 80,000 Bitcoin to support Stablecoin has already removed a lot of selling pressure from tokens.

In addition, Hayes said the recent differences between the crypto and equity markets may indicate that the bottom may be visible.

When will Bitcoin and Ethereum recover?

Although no exact time frame is given, Hayes said the market will begin to recover only after short-term traders are freed from capital.

He advised traders to be patient with the market and said that “apes with diamonds” could return to active trading only after short-term traders left the market.

Hayes also stuck to his previous prediction that Ethereum would clear $ 10,000 by the end of the year. Still, as the Federal Reserve tightens monetary policy, he tentatively predicts much more market volatility.

Ambar has more than five years of experience covering global financial markets and will apply this knowledge to the rapidly expanding world of cryptocurrencies and DeFi. His interest is primarily in finding out how geopolitical developments affect the crypto market and what that means for your Bitcoin holdings. When he’s not trolling the web for the latest updates, you can find him playing video games and watching Seinfeld’s reruns.You can reach him [email protected]

The content presented may include the author’s personal opinion and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

Bitcoin BitMEX Bottom Ethereum Founder levels
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Crypto Price Today: Bitcoin barely holds $20,000 mark; altcoins trade lower

October 7, 2022

Tracking the crypto asset market

October 7, 2022

Bitcoin Price and Ethereum on the Rise, Maker Price Storms 18%

October 7, 2022

Bitcoin Dominance Hits 4 Years Low, What Does This Mean For Altcoins?

October 6, 2022
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Demo

Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Solana’s staking metric has some good news for SOL holders

October 8, 2022

Binance Coin: How BNB buyers can capitalize on this breakout rally

October 8, 2022

Crypto Analyst Issues Warning to Traders on Binance Coin (BNB), Predicts Timeline for Ethereum’s Next Big Move

October 7, 2022
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram Pinterest
© 2023 Crypto Investment Watch.

Type above and press Enter to search. Press Esc to cancel.