Arthur Hayes Says Regulation Was Never the Catalyst, Bitcoin Blasts Past $84K After Fed Hike
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Arthur Hayes Says Regulation Was Never the Catalyst, Bitcoin Blasts Past $84K After Fed Hike
TL;DR Hayes stated that regulation was never the catalyst for the rally and that the Fed’s rate hike is the real driver of the market. Bitcoin surpassed $84,000, posting a weekly gain of more than 8% following the failure of the CLARITY Act in the Senate and the Fed’s rate hike. Daily trading...
Key points of the news: Hayes stated that regulation was never the catalyst for the rally and that the Fed rate rise is the real engine of the market. Bitcoin exceeded $84,000, registering a weekly increase of more than 8% after the failure of the CLARITY Act in the Senate and the ... Read more
Bitcoin exceeded $84,000 after the U.S. Senate stopped the CLARITY Act and the Federal Reserve raised the fees. Arthur Hayes argues that the catalyst was liquidity, but other analysts warn that temporary coincidence leaves the discussion open.
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