Bitcoin has not grown at the rapid rate expected so far in the cycle, and some have blamed this on the fact that the Federal Reserve has been practicing quantitative tightening. This refers to a period when the central bank is reducing its money supply in a bid to reel in excess liquidity. As a…
Tag: quantitative easing
Bitcoin To Bottom Around $70,000? Arthur Hayes Says Correction ‘Very Normal’ In A Bull Market
According to crypto entrepreneur Arthur Hayes, Bitcoin (BTC) is likely to bottom around $70,000, marking a 36% correction from its latest all-time high (ATH) of $108,786. Hayes stated that such corrections are “very normal” in a bull market. Bitcoin To Dip Further? Yesterday, Bitcoin hit a four-month low of $76,606 as both the global cryptocurrency…