Former BitMEX CEO Arthur Hayes, for one, commented on the latest market turmoil and cautioned Bitcoin traders about potential volatility in the coming weeks.<\/p>\n
In a post<\/a> on X, Hayes stated,<\/p>\n \u201cMarket no likey \u2018Liberation Day.\u2019 If $BTC can hold $76.5k btw now and US tax day Apr 15, then we are out of the woods. Don\u2019t get chopped up!\u201d<\/p>\n His comments come as Bitcoin\u2019s price dropped<\/a> toward $82,000 while gold surged past $3,150, reacting to heightened global uncertainty following US President Donald Trump\u2019s sweeping tariff announcements.<\/p>\n The Trump administration imposed a 10% tariff on all countries starting April 5, with steeper rates for major economies such as China (34%), the European Union (20%), and Japan (24%). The move, announced during an April 2 speech in the Rose Garden, was accompanied by a national emergency declaration, which further rattled financial markets.<\/p>\n The crypto market initially reacted positively to the announcement. However, as the broader implications became clear, prices reversed sharply across the board. Bitcoin rallied to a high of $88,500 before retreating to a low of around $82,200. Meanwhile, Ethereum saw a sharper decline, as it fell from $1,934 to $1,797. During this time, the total crypto market cap dropped by over 5% to $2.7 trillion.<\/p>\n The price action, so far, aligns with Glassnode\u2019s analysis<\/a> which revealed that Bitcoin is starting to show signs of near-term seller exhaustion, but a renewal of sustained bullish momentum, is yet to transpire.<\/p>\n The blockchain intelligence form explained that after reaching its $109K peak in January, BTC continues to \u201cdigest\u201d the correction, with growing evidence of investor losses being realized. Despite price stabilization within the $76K-$80K demand zone, on-chain momentum indicators suggest that these recoveries could be short-lived and part of a larger downtrend rather than a true market reversal.<\/p>\n Hayes\u2019 latest remarks suggest that Bitcoin\u2019s ability to maintain key support levels until April 15, the US tax deadline, could determine whether the crypto market stabilizes or faces extended turbulence.<\/p>\n Interestingly, Hayes recently predicted<\/a> that Bitcoin could surpass $250,000 by year-end, while citing expanding fiat supply as the key driver. He also said that he anticipates a strong 2025 rally if the US Federal Reserve shifts to quantitative easing (QE), injecting liquidity into the economy.<\/p>\n The post Arthur Hayes on Market Chaos: Bitcoin Must Hold This Level Until Tax Day<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Former BitMEX CEO Arthur Hayes, for one, commented on the latest market turmoil and cautioned Bitcoin traders about potential volatility in the coming weeks. In a post on X, Hayes stated, \u201cMarket no likey \u2018Liberation Day.\u2019 If $BTC can hold $76.5k btw now and US tax day Apr 15, then we are out of the […]<\/p>\n","protected":false},"author":0,"featured_media":56507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56506"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56506"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/56507"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin\u2019s Recovery Not Yet Confirmed<\/h2>\n
Avoiding Extended Turbulence<\/h2>\n