TechFlow news, April 11 — Arthur Hayes, founder of BitMEX, published a new blog post stating that since the crypto market remains highly correlated with the Nasdaq at this stage, once the Federal Reserve begins its rate hike cycle, the crypto market will decline in tandem with the Nasdaq. He believes Bitcoin will fall to $30,000 and Ethereum to $2,500. He mentioned that he has already purchased put options for June 2022.
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