| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107336.5300000000 |
| ETH | $2435.2410000000 |
| BNB | $649.4298600000 |
| XRP | $2.1860280000 |
| ADA | $0.5622688000 |
| SOL | $150.1401000000 |
| DOGE | $N/A |
| DOT | $3.4037000000 |
| LTC | $86.5775000000 |
| LINK | $13.3517200000 |
Category: CRYPTO NEWS
The post Arthur Hayes tells crypto and stock investors to just “be patient” as Bitcoin falls below $77k appeared on BitcoinEthereumNews.com. Bitcoin has officially dropped below $77,000 for the first time since November 10th, sinking to $76,822 before rebounding a bit to around $79,000 at press time. That’s a 30% decline from its all-time high of $110,000, and the sell-off isn’t just hitting crypto—stocks are also in freefall. But according to Arthur Hayes, traders need to wait it out. “The plan: Be fucking patient,” Hayes said in a post on X. He predicted Bitcoin would likely bottom at $70,000, which would be a 36% correction from its peak—something he called “very normal for a bull market.” But he made it clear that crypto isn’t bouncing back on its own. Hayes said the next steps were for stocks to crash, a major traditional finance institution to go under, and central banks to start printing money again before things turn around. “Then you load up the truck,” he said. BTC price chart. Source: Jai Hamid/TradingView Stock market tanks while Bitcoin slides This crash isn’t just a Bitcoin problem. The Nasdaq 100 dropped 1,050 points in a single day, a 5.8% loss, and after-hours trading saw another 300-point drop. If the market had stayed open, it would have been just 1.2% away from a circuit breaker halt, something that only happens when things are in full panic mode. Futures trading isn’t looking any better. S&P 500 futures slipped 0.4%, Nasdaq-100 futures fell 0.9%, and Dow Jones futures dropped slightly, down 20 points. But Delta Air Lines took the biggest hit, plunging 11% after-hours after slashing its profit and sales forecast due to weak U.S. travel demand. SPX S&P 500 Index chart. Source: TradingView Meanwhile, the S&P 500 has now logged three consecutive losing weeks, with Monday’s session adding to the pain. The Dow Jones lost nearly 900 points, falling below its 200-day moving average…
2025-03-11T02:34:33+00:00