Following the highly anticipated critical FED decision yesterday, Bitcoin and altcoins experienced increases. While Bitcoin rose above $87,000, Ethereum also rose above $2,000 after a long time.
While discussions began on whether this rise was permanent or temporary, BitMEX co-founder Arthur Hayes commented on the reaction of the crypto market after the FOMC meeting.
At this point, Hayes said that BTC has bottomed and will continue to rise.
Arthur Hayes, known for his bold predictions, stated that the Bitcoin price bottomed at $77,000 and that a strong rise could begin with the FED's interest rate cuts.
Hayes predicted a rally in Bitcoin, but claimed that stocks could fall further in order to pressure Fed Chair Jerome Powell into adopting policies supported by Donald Trump.
Hayes also noted that the bullish momentum in Bitcoin and the crypto market will be supported by the end of QT (quantitative tightening) by April 1, as well as the exemption to the Supplementary Leverage Ratio (SLR) or the resumption of QE (quantitative easing).
JAYPOW delivered, QT basically over Apr 1. The next thing we need to get bulled up for realz is either SLR exemption and or a restart of QE.
Was $BTC $77k the bottom, prob. But stonks prob have more pain left to fully convert Jay to team Trump so stay nimble and cashed up.
— Arthur Hayes (@CryptoHayes) March 20, 2025
*This is not investment advice.
