Altcoins May Lose Another 50% of Their Value in Upcoming Weeks: Bitmex Co-Founder Arthur Hayes

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Altcoins May Lose Another 50% of Their Value in Upcoming Weeks: Bitmex Co-Founder Arthur Hayes
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Arthur Hayes expects another 50% plunge on all major altcoins as soon as Fed balance starts shrinking

Hayes suggests that the liquidity situation on the cryptocurrency market will be in trouble in the second part of the year and, potentially, at the beginning of 2023. He also admitted that the two bottom predictions he gave previously were wrong. In his previous articles, Hayes mentioned that ‌Ethereum will drop to at least $1,500, and Bitcoin is set for a plunge to $25,000.

a certain date range in which the market may face the biggest pressure, which would be June 30-July 5 when the Fed's beginning balance sheet starts shrinking.

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