03:50 Jun 14, 2022 Arthur Hayes: Bitcoin Under Selling Pressure at $20,000
Bitcoin is under selling pressure at $20,000, tweets BitMEX founder Arthur Hayes. The spot market will come under pressure as traders hedge; and some OTC traders will go out of business because they can't hedge properly. There is also selling pressure on Ethereum at $1,000.
Source Get the most concise crypto news, research, and insights by subscribing to our free newsletter.
Related News
Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum FalconX partners with Standard Chartered to boost crypto offerings for institutional clients Bitcoin dominates global crypto funds' $882 million weekly inflows as Sui outperforms major altcoin products 13 Hours Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
3 Days Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
6 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global